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Form 5500 Sf Instructions

Form 5500 Sf Instructions

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Instructions and help about Form 5500 Sf Instructions

all right so you got your self-directed 401k it's just you and your spouse who are the participants inside the plan it's time to file a tax return you have over 250,000 dollars of assets what form should you use 5500 easy or 5,500 SF and if you even asking this question you're probably working with the tax preparer and let me explain why most tax preparers want you to fill out the 5500 SF and the reason being is with a 5500 SF you can electronically file it makes it so much easier for them it's a big challenge with a 5500 SF is this public record that's a public record document now anybody can go on the internet type in the name of your 401k plan and see exactly what assets you have inside your 401k plan and what you've been doing 5,500 easy on the other hand that's a paper document it can't be electronically filed it's super simple to fill out is just a front and back piece of paper super simple and it is not publ

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