Originally Posted by dlaudenschlager
I'm filling out Form 5330 for my spouse, a self-employed sole proprietor, who made an excess contribution to a SEP-IRA.
Form 5330 asks for the following 3 values. I don't know what to provide here for a self-employed individual whose SEP-IRA is just an individual one. The instructions aren't helpful.
- Plan Sponsor
- Plan Sponsor's EIN (form field won't accept a Social Security number)
- Plan Number (apparently a 3-digit number)
Thanks for your help!
Plan Sponsor======== Once you create a SEP-IRA, your business is considered a retirement plan sponsor.
? Plan Sponsor's EIN (form field won't accept a Social Security number)============]>> your biz FEIN; you need an employer ID number.
? Plan Number (apparently a 3-digit number)========>perhaps specific number for the sep acct I guess