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5500-EZ Department of the Treasury Internal Revenue Service Part I B OMB No. 1545-0956 This form is required to be filed under section 6058(a) of the Internal Revenue Code. 2007 Complete all entries
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How to fill out 2007 form 5500-ez

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How to fill out 2007 form 5500-ez:

01
Obtain the 2007 form 5500-ez from the Internal Revenue Service (IRS) website or by visiting an IRS office near you.
02
Carefully read the instructions provided with the form to understand the requirements and gather all the necessary information.
03
Begin by filling out the basic information section, including the plan administrator's name, employer identification number (EIN), plan number, plan name, and plan year.
04
Provide details about the plan sponsor, such as the sponsor's name, address, and EIN.
05
Fill in the plan characteristics section, specifying the type of plan, funding method, and plan year duration.
06
Complete the participant count section, including the number of participants at the beginning and end of the plan year.
07
Report any contributions or distributions made during the plan year in the financial information section.
08
Provide information about the plan's assets and liabilities, including the fair market value of the plan's assets at the beginning and end of the plan year.
09
If applicable, report any transfers or rollovers made during the plan year.
10
Sign and date the form, certifying that the information provided is accurate and complete.

Who needs 2007 form 5500-ez:

01
Employers who sponsor a one-participant retirement plan, such as a solo 401(k) plan or a Keogh plan, are generally required to file the 2007 form 5500-ez.
02
The form is designed for plans that cover only the business owner (and spouse) or partners in a partnership (and their spouses).
03
It is crucial to consult the IRS guidelines or a tax professional to determine if you are required to complete and file the 2007 form 5500-ez for your specific retirement plan.
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