DB/CB Plan Administrator
![]() Ingham Retirement Group (Miami FL / Telecommute) |
Defined Contribution Plan Administrator
![]() The MandMarblestone Group, llc (Philadelphia PA / Telecommute) |
DC Plan Administrator
Heritage Administrative Services, LLC (Woodbury NY) |
Retirement Plan Administrator
![]() Group RHI (Telecommute) |
DC Plan Administrator
![]() The Benefit Advantage (Auburn Hills MI / Telecommute) |
Defined Contribution Plan Specialist
![]() Aprio (Alpharetta GA / AL / NC / Telecommute) |
Defined Benefit Plan Administrator
![]() AimPoint Pension (Telecommute) |
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Question 202: Sherman owns a sole proprietorship. He also owns 60% of a C corporation; the remaining 40% is owned by an unrelated party. Are these businesses under common control for purposes of the Code section 415 limits? |
Answer: Perhaps, depending on how IRC 415(h) applies to the sole proprietorship. |
Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.
The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.
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