PenProf
Apr 19 1999, 10:57 AM
A client had operated a business for 5 years as a Sole Prop., and recently changed to a C Corp. effective 1/1/99. The client also wishes to establish a SEP plan for 1999. Question: Can we use the 5 years of Sole Prop. service for purposes of establishing maximum service eligibility (i.e., 3) on a 5305 SEP?