On today’s episode, we’ll discuss the upcoming Form 5500 deadline, go over the scary consequences of not filing it, and conclude with what can be done if you realize you haven’t filed in the past when you were liable to.
Topics Discussed:
- The advantages and disadvantages of the individual 401k.
- Responsibilities that come along with having an individual 401k.
- What Form 5500 is and when it’s due.
- The fines involved when Form 5500 is not turned in on time.
- Where to look and how to find out if you need to submit a 5500.
- What to do if you're not sure if you owe this year or if you owe for previous years.
Resources Mentioned:
Tags
retirement accounts, retirement savings, retirement taxes, 401k, Form 5500, tax deadlines, contributions, financial planner, emergency medicine, ER docs, emergency doctors
