Jakyasar Posted December 17, 2019 Posted December 17, 2019 Hello Have been filing 5500EZ for a few years as assets exceed 250k. Q1: Portion of the assets are rollover. If takes out of the rollover and rolls over into an IRA, assets will drop to 100k. Can they stop the filing? Q2: If allowed in-service distribution and rolls out all the assets into an IRA, can they stop filing? Thank you and happy holidays
BG5150 Posted December 19, 2019 Posted December 19, 2019 They could, but why would you want to? It's not that onerous to put one together. It'll probably take you longer to answer all the IRS letters you'll get than to prepare the EZ for the next five years. Bird 1 QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
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