Not a Mere Technicality-SEP Disqualified - Ed Zollars - a podcast by steve@leimbergservices.com

This PodCast pertains to a case involving a failure to meet SEP rules.

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 this case(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 .

This Podcast is sponsored by Leimberg Information Services, Inc. at http://www.leimbergservices.com

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