Should I use Solo 5500 Desk?

A narrow fit checker before you spend time preparing a packet.

The checker separates simple self-preparation cases from situations that should stop for official instructions or professional review. It does not file, advise, represent, appraise, or decide legal or tax treatment.

1.Is this a one-participant plan covering only owner/spouse?

2.Do you have simple beginning and ending asset statements with no plan liabilities?

3.If you maintain more than one one-participant plan, have you checked combined assets?

4.Is this not a SEP or SIMPLE IRA-based arrangement?

5.Is this an original on-time return with no IRS correspondence?

6.Do you know whether the sponsor files 10 or more IRS returns this year?

Answer 6 questions.

The checker keeps the product from pretending to handle cases it does not support.