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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?
March 17, 2020
1:46 PM