Guest ewhitmore Posted December 3, 2009 Posted December 3, 2009 A one=person plan has no assets, and never made any contributions to a plan. The employer/trustee did sign the adoption agreement to start the Plan. Must the Plan be terminated (i.e. amendment to doc, final 5500-EZ)?? Thanks
Lou S. Posted December 4, 2009 Posted December 4, 2009 I would argue no since the "plan" never had any assets.
JanetM Posted December 5, 2009 Posted December 5, 2009 I agree with Lou unless they applied for EIN for trust. JanetM CPA, MBA
justanotheradmin Posted May 3, 2016 Posted May 3, 2016 I have this circumstance, and the plan did apply for and receive an EIN for the trust - anyone have a different answer? I'm a stranger on the internet. Nothing I write is tax or legal advice. I'd like a witty saying here, but I don't have any. When in doubt, what does the plan document say?
Bird Posted May 4, 2016 Posted May 4, 2016 I wouldn't worry about it. That is, I would not formally terminate it nor file a return. Ed Snyder
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