pete wrote:

- quote -

Per IRS Q & A

Can a person make a contribution to a SEP-IRA and a Roth
IRA, too?

Yes, you can make a contribution to a SEP-IRA and a Roth
IRA. See Chapter 2 of Publication 590, Individual Retirement
Arrangements (IRAs), for the requirements to contribute to a
SEP and a Roth IRA. However, your SEP IRA contribution and
Roth IRA contribution can not be made to the same I

http://www.irs.gov/pub/irs-pdf/p590.pdf

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pete wrote:

- quote -

Getting back to basics for a moment. You say "you"
contributed 25% to the plan. I hope you mean that the SEP
IRA is established BY THE corporation and that the
corporation contributed to it. The corporation then takes
the deduction on page one of 1120S.

Second part; then yes, you may also contribute to a ROTH
IRA, assuming you meet all other requirements.

All these things I, and my S corp, do.

ChEAr$,
Harlan Lunsford, EA n LA

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"pete" <peteraustin[at]yahoo.com> wrote:

- quote -

SEPs have no effect on your ability to make regular IRA
contributions, Roth or traditional. See IRS Publication
590.

--
Phil Marti
Clarksburg, MD

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Hi i'm self employeed and paid myself a $24000 salary under
a s-corp entity. after business expenses i then pay myself
the rest of profit as distribution, which is around $25000.
i contribute 25% of my earned income( 6k) to my sep ira
account. i was wondering if i can also make roth ira
contribution afterward or is there no double dipping? TIA

pete

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