truphao Posted September 12, 2023 Posted September 12, 2023 S corporation, owned by Father and Son, each owns 50%. No employees. Which 5500 should be filed? EZ or SF? I am getting lost in the EZ instructions language: "2. Covers only one or more partners (or partners and their spouses) in a business partnership (treating 2% shareholder of an S corporation, as defined in IRC §1372(b), as a partner);"
RatherBeGolfing Posted September 12, 2023 Posted September 12, 2023 11 minutes ago, truphao said: S corporation, owned by Father and Son, each owns 50%. No employees. Which 5500 should be filed? EZ or SF? I am getting lost in the EZ instructions language: "2. Covers only one or more partners (or partners and their spouses) in a business partnership (treating 2% shareholder of an S corporation, as defined in IRC §1372(b), as a partner);" EZ. Both are 2% S Corp shareholders so you treat them as partners. Luke Bailey, CuseFan, Bill Presson and 1 other 4
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