02-09-2005, 03:17 AM
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 Re: SEP IRA "Oradba Linux" <techiey2k3[at]comcast.net> wrote: - quote - > Who can open a SEP IRA?
Self employed individuals.- quote - > Can this contribution be more than the IRS limit of 14,000$
IRA's have a much lower limit than $14,000.> towards IRA? - quote - > Can all the amount be tax deductible ?
It would if you qualified to make the contribution.- quote - > Can you have a SEP IRA and also be part of the company
Yes IF you are ALSO self employed.> sponsored 401k plan in the same year? -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-07-2005, 06:35 PM
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| SEP IRA Who can open a SEP IRA? Can this contribution be more than the IRS limit of 14,000$ towards IRA? Can all the amount be tax deductible ? Can you have a SEP IRA and also be part of the company sponsored 401k plan in the same year? Thanks << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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