Discussion:Pension Plan Options
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| Revision as of 18:41, 3 November 2009 Kevinh5 (Talk | contribs) (I'm still waitin) ← Previous diff |
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Revision as of 18:51, 3 November 2009
Discussion Forum Index --> Advanced Tax Questions --> Pension Plan Options
Discussion Forum Index --> Tax Questions --> Pension Plan Options
| 3 November 2009 | |
| Inactive C-corp was dissolved in 2008 and a final return was filed with IRS. Have now discovered that this C-corp has an old defined contribution profit sharing plan. What are my options? Would also appreciate any cite or reference. | |
| 3 November 2009 | |
| 'your' options meaning you are the former C corp shareholder? | |
RoyDaleOne (talk|edits) said: | 3 November 2009 |
| Kevin point the poster to my link to the IRS........ somewhere ...... | |
| 3 November 2009 | |
| Sorry, I meant what are the C-corp's options for the profit sharing plan? By my options, I meant as preparer what are my options. | |
| 3 November 2009 | |
| Roy - not sure if you mean this link? IRS retirement topics - termination | |
RoyDaleOne (talk|edits) said: | 3 November 2009 |
| http://www.taxalmanac.org/index.php/Discussion:The_Fix_Is_In:_Common_Plan_Mistakes
Thanks, Trillium you are always super helpful. | |
| 3 November 2009 | |
| Guessed wrong though, didn't I? The link you just posted links in turn to a page with a great article on Orphan Plans. DN, if you need the full text of the rev proc that latter article references, you can get it on TaxAlmanac: Rev. Proc. 2006-27. | |
| 3 November 2009 | |
| Note that R.P. 2008-50 supersedes R.P. 2006-27. | |
| 3 November 2009 | |
| I'm still waiting for someone to answer the question - what are the options of the return preparer? He is not the taxpayer. He is not the trustee. He is only a preparer of returns. What are HIS options? | |
Death&Taxes (talk|edits) said: | 3 November 2009 |
| Is not the pension plan a separate entity in itself; it was not a corporate asset. And the trustees of the plan were probably individuals, not the corporation. | |
