The ROBS Plans and Corporate Ownership: The 401(k) Plan is an Owner/Shareholder

The 401(k) Plan is an owner and shareholder of your Corporation and in fact, is usually the majority owner.
Provide your tax professional with a copy of the stock ledger and/or stock certificates to ensure that ownership is properly reported to the IRS.
Be careful not to miscommunicate ownership to a CPA or other tax professional who assists you with filing tax returns for your Corporation.

For more information about the Valuation of Privately Held Stock in a Company Sponsored Retirement Plan: Valuation of Privately Held Stock in a Company Sponsored Retirement Plan

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Article ID: 69, Created: 6/14/2021 at 1:01 PM, Modified: 8/3/2021 at 11:36 AM