austin3515 Posted May 11, 2016 Posted May 11, 2016 Actuary retires from Actuarial Firm. His partner at actuarial firm takes over his cases and signs his SB’s. Does this get reported on Schedule C as a termination of actuary?The instructions are clear that an enrolled actuary is an individual, but does not clearly define what “termination” means… Austin Powers, CPA, QPA, ERPA
david rigby Posted May 11, 2016 Posted May 11, 2016 Yes. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
My 2 cents Posted May 11, 2016 Posted May 11, 2016 Not much reason not to. If there is an issue, it would be whether one needs something explicit from the sponsor naming the new individual at the Actuarial Firm as the new enrolled actuary. One might give reasons such as "prior enrolled actuary retired" or "rotation of assignments" etc. for the change. Always check with your actuary first!
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