The Controlled Group conundrum

It’s a fairly simple rule: if a father owns 100% of a business, the son is considered as owning it as well, thanks to the rules of attribution. Yet, people get that wrong. They either get it wrong because they’re ignorant of the rules or they’re withholding information from their plan providers.

Whatever it is, an Internal Revenue Service audit that determines that there is a controlled group or not, a screwed up control group analysis, could force additional contributions to satisfy coverage.

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