Guest JDGlenn Posted February 23, 1999 Share Posted February 23, 1999 Can a successor company that has eaither a: acquired a predecessor company or b: merged with a predecessor company adopt their SEP plan that was adopted by the predecessor company. As I understand the only vehicle available a new company is a SIMPLE plan or a qualified plan as the SEP's have been repealed. Note: I have been doing alot of research regarding this topic in RIA and have not found anything. Can anyone give me code section? I need to find an answer Thanks ------------------ JDGlenn CPA [This message has been edited by JDGlenn (edited 02-24-99).] [This message has been edited by JDGlenn (edited 02-24-99).] Link to comment Share on other sites More sharing options...
Gary Lesser Posted February 24, 1999 Share Posted February 24, 1999 SEPs are still in existance. Existing SARSEPs (salary reduction SEPs) are grandfathered. If the SEP of a predecessor is adopted; all service with the predecessor must be counted (for most purposes)under IRC 414(a). Link to comment Share on other sites More sharing options...
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