Accounting and Tax Services
Oct 15

IRS Unveils Retirement Plan Navigator

The IRS announced a new Web-based tool to help small businesses (i.e. medical practices) determine which tax-favored pension plan best suits their needs and how to keep the plan in compliance with the law. The navigator focuses on three areas—choosing a plan, maintaining a plan, and correcting a plan—and can be accessed at

It does not suggest which plan may be best for the business, but it does lay out the options and includes a side-by-side comparison of pension plans and their requirements. The navigator also offers suggested options for businesses seeking to correct errors and bring their plan back into compliance.

About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read more →