CPA recommendation?

[Kevin Slater]

Any CPAs on here familiar with form 5500 for solo self-employed retirement plans? I have a couple questions.

 

Thx.

 

Kevin Slater

[rvwnsd]

What you need is a CPA who also does CBT.

[instudiocity]

Why doesn't the trustee of your SEP would provide the 5500 filing as part of their service.

 

If you're using a brokerage account with a mutual fund family's brokerage, they would definitely provide the 5500 filing for you.

[Kevin Slater]

Why doesn't the trustee of your SEP would provide the 5500 filing as part of their service.

 

If you're using a brokerage account with a mutual fund family's brokerage, they would definitely provide the 5500 filing for you.

 

I use Fidelity. Apparently that's not a service they provide.

 

Kevin Slater

[instudiocity]

They won't file it or you're not required to file it. Under Fidelity's website they write "No Form 5500 filing" and on Vanguard's website, they write "Complete Form 5305-SEP to set up a plan.

No IRS reporting required."

 

So if it's a SEP-IRA you might not need to file Form 5500.

 

The question came up along with having a Pension Fidelity Bond in my case.

[Kevin Slater]

They won't file it or you're not required to file it. Under Fidelity's website they write "No Form 5500 filing" and on Vanguard's website, they write "Complete Form 5305-SEP to set up a plan.

No IRS reporting required."

 

So if it's a SEP-IRA you might not need to file Form 5500.

 

The question came up along with having a Pension Fidelity Bond in my case.

 

It's a solo 401k, if that makes a difference.

 

Kevin Slater

[+ quoththeraven]

Any CPAs on here familiar with form 5500 for solo self-employed retirement plans? I have a couple questions.

 

Thx.

 

Kevin Slater

Not a CPA but I'm familiar with Forms 5500 and have filled a few out in my day. Also I've worked for the IRS in the past and am pretty good at deciphering IRS publications. DM me if interested.

 

Disclaimer: This would not involve the provision of legal advice, as I haven't been registered anywhere as a lawyer for years.