SSRRS Posted September 21, 2022 Posted September 21, 2022 PS Plan has owner and one employee. During the plan year, the employee was paid out. At year end the only participant is the owner. I recall that since at beg of yr there was an emotes in the plan the 5500 EZ cannot be used. Is there any other opinions? Thank you
Lou S. Posted September 21, 2022 Posted September 21, 2022 The Plan covered a non-owner employee for part of the year so you can't file the EZ for the year he was paid out. You need SF or 5500. The year following the payout you can switch to EZ assuming owner is only one covered for the year. Bill Presson, SSRRS and Luke Bailey 3
SSRRS Posted September 22, 2022 Author Posted September 22, 2022 Lou S. thank you, as always, for your time and vast knowledge.
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