24-May-21
Solo 401(k) Plans to be Audited
Take-Away: The IRS recently announced that it will be targeting solo 401(k) plans for audit, suggesting that the IRS believes that such qualified plans are being abused. Background: A solo 401(k) plan, or also called a one-participant plan, are growing in popularity as an alternative to a SEP or SIMPLE IRA for self-employed individuals. While […]
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