family attribution

[pmacduff]

ok - I KNOW this is very basic, but I'm old and tired....

Son owns 60% of Company

Dad owns 40% of Company

Mom works there as well. Does Mom have attribution from both husband and son for a total of 100%?

It is not impacting anything with the Plan; just want to have them all coded correctly.

Thanks in advance.

[12AX7]

Is this for HCE/Key determination? If so, then Mom is HCE/Key. You should be able to code family groups in your administration software. The percentage would not matter unless you are trying to determine ownership attribution under Sec. 1563 for controlled group purposes. There are different rules for that.

I'm old and tired too. Hope this helps. Time for evening tea with my cat.

[pmacduff]

Yes - I did code family groups into the software. It then showed her with 100% under the family group (40% from son and 60% from husband), which brought my question to mind.

I knew she was HCE and key, just curious about the 100% that the software showed for her.

Thanks for the response.

[BG5150]

All three should be showing 100% if they are coded correctly.

[pmacduff]

AHHH...there you go....told you I was old and tired!

Because Son and Dad are coded with their actual ownership, I didn't put each's family info into the other because was thinking it was moot.

Thanks for clearing that up for me BG5150

[BG5150]

Thanks for clearing that up for me BG5150

No problem. I am, after all, Bartman.

[12AX7]

I can vouch for Bartman. For practical purposes if you're only determining Key/HCE, the system should show them as such because you group them as family members. When I run a Key/HCE report on my admin system, it only shows them as family attribution members, not the attributed ownership percentages.

BG, I know you use Relius. Do you get actual attribution percentages on the reports. It's been too long since I used Relius.

[BG5150]

The reports I use, only show the aggregated %. There may be a report that shows actual vs attributed, but I'm not sure what it is. I'm sure that you could create a report with that info with Crystal Reporter.