This article has been updated for 2022. Form 945. What Is It? Form 945 is used to report federal income tax withheld from nonpayroll payments, including distributions from Defined Benefit Plans. Do You Need to File? In general, if you have withheld federal taxes from any nonpayroll payments, Form 945 would be required. More specifically, […]

Form 945

January 28, 2020

Form 945: Reporting Withholding for Defined Benefit Plans

This article has been updated for 2022. What Is the Schedule SB? The Schedule SB is an attachment to the Form 5500 series. The schedule reports the funding adequacy of the Defined Benefit Plan. An Enrolled Actuary must certify the figures on the form. Importantly, the Schedule SB does not show the maximum deductible contribution. […]

Schedule SB

August 15, 2019

Schedule SB – Defined Benefit Plan Actuarial Information

This article has been updated for 2022. If you have a Solo 401(k), you may encounter an interesting situation. First, as a part of maintaining a 401(k) Plan, you may need to file Form 5500-EZ. However, you will likely find that your financial provider does not offer this filing as a service. It’s not that […]

Form 5500-EZ

May 30, 2019

Form 5500-EZ: [Updated] Instructions with Screenshots for Solo 401(k) Plans