J Simmons Posted May 5, 2008 Posted May 5, 2008 H owns 100% of corp. H is only EE of corp. Corp sets up a 401k plan. W is independent contractor providing medical transcription services to an unrelated medical practice. W reports the income on a Schedule C to Form 1040, but W has no employees. One of the requirements for filing 5500-EZ is that the ER sponsoring the plan not be part of an affiliated service group or control group. Does anyone know if the Service accepts a 5500-EZ in this situation? John Simmons johnsimmonslaw@gmail.com Note to Readers: For you, I'm a stranger posting on a bulletin board. Posts here should not be given the same weight as personalized advice from a professional who knows or can learn all the facts of your situation.
Belgarath Posted May 5, 2008 Posted May 5, 2008 Since it fails one of the requirements, I have to assume the answer is no. But I cannot honestly say, since I would never attempt an EZ filing in this situation. If you are trying to avoid filing if below the $250k threshhold by considering this EZ eligible, I sure wouldn't recommend it.
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