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Defined Benefit Accrual for Sole Proprietor
BenefitsLink Message Boards Link to more items from this source
Nov. 9, 2017
In a plan with 500 hours required for the annual accrual, is it reasonable to credit an accrual when there is no net earned income? Likewise, is it reasonable to not credit an accrual on the basis of no income, therefore not 500 hours? Would you look at gross income before deciding on an answer? Do you know of any IRS guidance on this question?

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