Not a Mere Technicality-SEP Disqualified
MP3•Episode home
Manage episode 155580421 series 1161335
Content provided by Ed Zollars. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ed Zollars or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Simplified employee pensions (SEPs) are a popular retirement plan for extremely small businesses, with one of the key attractions being that don't require many of the formalities of regular qualified plans. But that has led to taxpayers treating them too informally, and in the case we look at this week (Brown v. Commissioner, TC Summary 2008-56) a taxpayer discovered the hard way what can be the consequences of failing to faithfully follow the simplified rules for this type of plan.The materials for this podcast can be found at http://www.edzollars.com/2008-05-26_SEP_Issue.pdf .I'll be in New Orleans next Monday at the AICPA Spring Tax Division meeting, so the next podcast may come out on a slightly different schedule.
…
continue reading
The podcast is sponsored by Leimberg Information Services, located at http://www.leimbergservices.com.
183 episodes