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IRS Issue Snapshot: Calculation of Plan Compensation for Sole Proprietorships
Internal Revenue Service [IRS] Link to more items from this source
[Guidance Overview]
Sept. 13, 2021

"If nonelective contributions ... on behalf of a sole proprietor (the SEI) are determined under a plan's formula as a percentage of the sole proprietor's Earned Income, then the Earned Income calculation is dependent on the SEI's contribution, but the SEI's contribution is also dependent on the Earned Income."  MORE >>

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