All Questions
Tagged with sep-ira tax-deduction
3 questions
-1
votes
1
answer
170
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Reduce Self Employment Tax
Thanks for looking into my post.
I am an independent contractor and I don't have any LLC or company.
Currently, I am paying 26% on the self employment tax even after contributing to SEP IRA.
Is ...
- 11
5
votes
1
answer
586
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Adding spouse to single member LLC to reduce taxes
Suppose husband has a single member LLC, has a SEP IRA, and makes more than enough to max out annual SEP contributions.
I'm curious if the wife could be added to the LLC to allow the wife to also ...
- 7,571
1
vote
0
answers
41
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How to book past year's transaction, performed in the current year?
I have a small business. I contributed $1000 towards SEP IRA for year 2014. However, the transaction was done in January of 2015 using the retained earnings of 2014. Obviously, this money is tax ...
- 111