Questions tagged [sep-ira]
The sep-ira tag has no usage guidance.
8 questions with no upvoted or accepted answers
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can SEP contribution be made more than one time for same year
Can a small employer make contribution to SEP similar to 401K with each pay check/1099 or at end of the year for previous year. So for example for 2021 contributions, can one give 10% in January 2022, ...
- 1,247
3
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Can You Receive Both a Simple IRA and SEP IRA?
I am the employee of two companies. At one company, I receive a SEP IRA. I know that SEP IRAs are not included in the standard annual elective deferral limit. At the second company, I have the ...
- 671
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Do I need to complete SEP IRA deposit before April 15 (United States)?
On my 2018 U.S. tax return (already filed) I indicated that I would contribute a certain amount to a SEP IRA.
I just initiated a deposit in the correct amount to my SEP account at Vanguard, but funds ...
- 21
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SEP contributions when part of two LLCs
I am the sole member of first LLC, and I've been doing SEP contributions for several years now.
In 2018, I want to start a second LLC where there will be a second member (let's call him John) who ...
- 7,571
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Make a SEP contribution to a traditional IRA
I have a traditional IRA with Vanguard that originated as a 401k rollover (so they call it a Rollover IRA). This year I have a lot of self-employment income, and I am qualified to make a SEP IRA ...
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1
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Traditional IRA and SEP IRA at the same time
I am self employed through my LLC and I am also employed by a company via W2
What would be my contribution limits to SEP IRA and Traditional IRA?
Are my SEP IRA contribution limits separate from my ...
- 111
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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
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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