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Do you and your spouse both agree that you want a divorce?
If you have simple PROPERTY/DEBT, DO NOT HAVE CHILDREN under age 18 with your
spouse
You DO NOT have a retirement savings plan like an IRA,
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What is if you have simple?
A SIMPLE (Savings Incentive Match Plan for Employees) is a retirement savings plan that allows both employees and employers to contribute to individual retirement accounts (IRAs) with relatively low administrative costs.
Who is required to file if you have simple?
Employers who establish a SIMPLE plan are required to file Form 5500 if the plan has 100 or more participants at the beginning of the plan year.
How to fill out if you have simple?
To fill out the necessary forms for a SIMPLE plan, employers must follow IRS instructions for Form 5500, detailing contributions made, plan provisions, and participant information.
What is the purpose of if you have simple?
The purpose of a SIMPLE plan is to provide a straightforward way for small businesses to offer retirement savings benefits to their employees, encouraging both employee and employer contributions.
What information must be reported on if you have simple?
When filing for a SIMPLE plan, employers must report information such as participant contributions, employer matching contributions, plan expenses, and demographic information about plan participants.
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