issie261
Returning Member

Retirement tax questions

Now I'm confused. The first responder seems to say that yes, I can have 2 different plans. Yours says "no" because I own and control both businesses.

 

But I thought the "controlled group" rule was to prevent a business owner from setting up different businesses to avoid having to include its employees in a retirement plan- hence, that rule perhaps would not apply if neither of my 2 businesses have employees?