Leading Solo 401(k) Provider Expands its 5500-EZ Annual Tax Reporting & Consultation Service

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IRA Financial Group, the leading provider of self-directed solo 401(k) Plans, launches a free 5500-EZ tax filing and reporting service

401(k) Plan Recorkeeping Services

We wanted to make sure our Solo 401(k) Plan clients that are required to file an IRS Form 5500-EZ are getting the necessary support they need to make sure the form is completed properly

IRA Financial Group, the leading provider of self-directed solo 401k plans, announces the expansion of its annual tax and compliance service to include the completion of the annual IRS information form – 5500-EZ. IRA Financial Group’s Solo 401(k) was designed specifically for sole proprietors, small businesses and independent contractors such as consultants. A Solo 401(k) Plan can be adopted by any business with no employees other than the owner(s). The business can be established as a sole proprietorship, LLC, corporation, or partnership. IRA Financial Group offers all its Solo 401(k) plan clients the ability to receive annual tax consulting services as well as the promise that their Solo 401(k) Plan will remain in full IRS compliance. “Our expansion and Solo 401(k) Plan compliance service to offer free annual 5500 reporting service is designed to offer our Solo 401(k) clients the support to make sure their retirement plan was in IRS compliant, stated Maria Ritsi, a senior paralegal with the IRA Financial Group. “We wanted to expand our annual Solo 401(k) compliance fee to include to completion of the IRS Form Solo 401K 5500EZ, because we wanted our clients to be able to focus on their business why we focus on their 401(k) plan, “ stated Ms. Ritsi.

There is generally no annual filing requirement unless the solo 401(k) plan assets exceed $250,000 in assets. In such a case, the Solo 401(k) Plan participant will need to file a short information return with the IRS (Form 5500-EZ). The IRS Form 5500-EZ is due on July 31. Now, IRA Financial Group is offering all its Solo 401(k) Plan clients the service of completing the IRS Form 5500-EZ for no additional fee. “We wanted to make sure our Solo 401(k) Plan clients that are required to file an IRS Form 5500-EZ are getting the necessary support they need to make sure the form is completed properly, “ stated Ms. Ritsi.

The Solo 401(k) Plan, offers one the ability to make annual contributions of up to $51,000 for 2013 ($56,500 for those over the age of 50), borrow up to $50,000, as well as use his or her retirement funds to make almost any type of investment on their own tax-free and penalty free without requiring the consent of any custodian or person. “Our 5500-EZ recordkeeping service is intended to give our solo 401(k) plan clients the piece of mind to know their plan will be maintained in full IRS compliance without any additional fees“ stated Mr. Bergman, a tax attorney with the IRA Financial Group.

The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP, Dewey & LeBoeuf LLP, and Thelen LLP.

IRA Financial Group is the market's leading provider of self-directed solo 401(k) plans. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.

To learn more about the IRA Financial Group please visit our website at http://www.irafinancialgroup.com or call 800-472-0646.

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Jaclyn Baily
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