10-05-2003, 09:34 AM
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 Re: S corp owner contributions to SEP MortgagePro21 wrote: - quote - > If I am the sole owner of an S corp. and its sole employee
Forty thousand may be the maximum, but be aware that you> and I want to make a SEP for myself can I contribute the > full $40,000 (assuming a salary of $200,000) or am I > considered as Self-Employed person limited to the 20% of net > earnings? cannot contribute it. The corporation does however and takes the deduction. Cheer$, Harlan Lunsford, EA in LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
10-03-2003, 05:36 AM
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| S corp owner contributions to SEP If I am the sole owner of an S corp. and its sole employee and I want to make a SEP for myself can I contribute the full $40,000 (assuming a salary of $200,000) or am I considered as Self-Employed person limited to the 20% of net earnings? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| contributions, corp, owner, sep |
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