Questions tagged [sep-ira]

The tag has no usage guidance.

7 questions with no upvoted or accepted answers
Filter by
Sorted by
Tagged with
3
votes
0answers
57 views

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 ...
2
votes
0answers
36 views

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 ...
2
votes
0answers
24 views

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 ...
2
votes
0answers
65 views

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 ...
1
vote
0answers
31 views

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 ...
0
votes
1answer
70 views

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 ...
0
votes
0answers
12 views

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 ...