Reno Master wrote:

- quote -

by all means check with local institutions or mutual funds
if you're so inclined, about IRA's and Simple plans, or even
Keogh accounts.

But hurry. Some of these HAVE to be in place by Dec 31st,
even though the contribution to them may be delayed.

Christmas Cheer$,
Harlan Lunsford, EA n LA

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"Reno-Master" posted:

- quote -

There are many options -- from vastly liberalized IRAs (and
variations) to Keogh or H.R. 10 plans.

At this point in the year, I would strongly advise you
consult a professional [hopefully] to make sure you get a
clear view of all choices - pro and con - and have whatever
you decide upon set up properly.

Bill

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- quote -

I could say send it to me, but I'm not a qualified charity,
so I'll do your return for $100K, payable in advance in 2003
so you can take the deduction....

Now that I got that out of the way....

Have you looked at retirement accounts, SIMPLES, solo 401Ks,
etc. This will allow you to save income tax but not self
employment taxes.

Helen, EA in PA
Member of The Tax Gang
President, PA Society of Enrolled Agents
Campaigning for NAEA Board of Directors - Looking for YOUR vote

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I'm a self-employed 52 yo who will probably have close to
$100,000 in 2003 income --- a large amount for me.
Naturally, I would like to shelter some of that. What
strategies do you recommend? TIA for all replies!

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