Jakyasar Posted December 2, 2019 Posted December 2, 2019 I own my company (100%) and have my parents as employees (no ownership). My company sponsors a pension plan. Under 318 attribution rules, my parents are 5% owners therefore RMD's are required. Please let me know if I missed anything. Thank you
Larry Starr Posted December 2, 2019 Posted December 2, 2019 Correct; the question that immediately comes to mind is "are you working with a pension professional" and if so, why are YOU doing the research (with the risk that you will make mistakes). Reminds me of an old "book title": Brain Surgery, self taught! Lawrence C. Starr, FLMI, CLU, CEBS, CPC, ChFC, EA, ATA, QPFC President Qualified Plan Consultants, Inc. 46 Daggett Drive West Springfield, MA 01089 413-736-2066 larrystarr@qpc-inc.com
Mike Preston Posted December 3, 2019 Posted December 3, 2019 6 hours ago, Larry Starr said: Correct; Maybe. Dates of birth and dates of hire, please.
Jakyasar Posted December 3, 2019 Author Posted December 3, 2019 Owner aka child 1974 DOH 2015 Dad 1946 DOH 2015 Mom 1950 DOH 2015 Thank you
Larry Starr Posted December 4, 2019 Posted December 4, 2019 19 hours ago, Mike Preston said: Based on those dates you are correct. And so was I!? Lawrence C. Starr, FLMI, CLU, CEBS, CPC, ChFC, EA, ATA, QPFC President Qualified Plan Consultants, Inc. 46 Daggett Drive West Springfield, MA 01089 413-736-2066 larrystarr@qpc-inc.com
Jakyasar Posted December 4, 2019 Author Posted December 4, 2019 Out of curiosity, what dates make a difference? Thank you
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