Form 5500-EZ – Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan (reiterated under retirement categories)

Financial Planning, Retirement Planning
Published Date: November 29, 2024
Last Modified: 2 months ago

What is Form 5500-EZ and Who Needs to File It?

Form 5500-EZ is a simplified annual return filed with the IRS by self-employed individuals, business owners, and their spouses who have a one-participant retirement plan. It reports on the plan’s assets, activity, and financial health and ensures compliance with federal regulations.

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Hey everyone, let’s break down Form 5500-EZ. It sounds complicated, but it’s really not as scary as it seems. Think of it as a yearly check-in for your retirement savings, especially if you’re self-employed or own a small business and have a retirement plan just for you and your spouse.

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Financial Planning, Retirement Planning

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