Simple IRA transfer of ownership
Hello,
We have a client who is selling his business and new ownership will takeover on January 1, 2020. The new owner would like to continue the Simple IRA plan. Does the new owner need to fill out new paperwork (a new 5305) and essentially start a “new plan” or can we continue on as is, without completing a new 5305 for the newly established owner?
Submitted by michael steinebach on Mon, 2019-12-23 20:29