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I'd like to put more into a retirement account than the
I'd like to put more into a retirement account than the current individual contribution limits. I have an LLC that's taxed as an S-Corp, can I set up a SEP-IRA? Or what are other tax-advantaged option… read more
JeffS6413
JeffS6413
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Self-employed (sole proprietor) with a solo 401k and a Roth IRA. My husband is employed and also has a Roth IRA and participates in employer 401k. My self employment income is only $20k this year and … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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I am a sole proprietor, file schedule C. I have a Sep IRA
I am a sole proprietor, file schedule C. I have a Sep IRA account and a regular IRA. What is the maximum amount I can contribute to retirement accounts to reduce my taxable income for 2020? I heard fo… read more
Lev
Lev
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Bachelor's Degree Equivalent
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My question is related to 401k, SEP IRA and "" Roth IRA. At
My question is related to 401k, SEP IRA and "backdoor" Roth IRA. At this time I am self-employed and my s-corp is in TX. I live in GA. My My questions are below: 1. My total Income (my income + my wif… read more
Mark Taylor
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I am an independent contractor psychologist with an llc. I
I am an independent contractor psychologist with an llc. I just started my llc and am doing contract therapy and assessment with a couple of private practices. I have a Roth IRA that I contribute to a… read more
emc011075
emc011075
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Bachelor's Degree
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I need some advise on 1099/401k and sep ira, no I had my own
no I had my own company and started a job so want to find out my options with regards ***** ***** account … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,243 satisfied customers
I want to set up a retirement account and need help figuring
I want to set up a retirement account and need help figuring out which one is best for me. I'm self employed and want to have control over my account. I'd be investing mainly in index funds. I'm 32 ye… read more
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Trying to figure out my maximum retirement contribution for
Trying to figure out my maximum retirement contribution for 2018. I am a sole proprietor with no employees. I have an individual (solo)401k and a SEP, both with Vanguard. As I understand it, for the 4… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,567 satisfied customers
Can I have a 401k as an employee and an SEP for my side
can I have a 401k as an employee and an SEP for my side business in the same year? … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,243 satisfied customers
What is a better retirement plan for self employed people
What is a better retirement plan for self employed people between 401K and SEP ? What are key differences?… read more
Tax.appeal.168
Tax.appeal.168
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I have an LLC (in partnership with my wife). I do consulting
I have an LLC (in partnership with my wife). I do consulting work and get paid thru the LLC. What kind of retire account (IRA/401K) can I use to save for retirement using the income from the LLC? And … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,567 satisfied customers
I am a single, 60 year old individual. I do not have a 401k
I am a single, 60 year old individual. I do not have a 401k at work. What is the most I can contribute to my self-directed Roth IRA for the 2016 tax year?Thanks, Ros… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,567 satisfied customers
I have a client that had an annual income of 20K. We
Hello,I have a client that had an annual income of 20K. We converted a solo 401(k) to a Sep-IRA, allowing on 5K (25%) contribution.However, would he have been allow to take up to 18K contribution if h… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,567 satisfied customers
I am wondering if you can help me figure out my tax
I am wondering if you can help me figure out my tax situation that I am planning out for next year? It involves me as a sole proprietor (real estate agent / ind contractor) possibly converting to a s-… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,567 satisfied customers
I am self employed, and my company is both an s-corp and an
I am self employed, and my company is both an s-corp and an LLC. I am the only employee. I am able to make the maximum allowable sep ira contribution. recently, I incorporated my sep-ira into a sep ir… read more
PDtax
PDtax
Owner
Master's Degree
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Lane and I hope all is well. I converted a number of 100%
Hi Lane and I hope all is well. I converted a number of 100% owned LLC's to S Corp's in 2014. My question is what to do with their SEP's they have in place. This is not my arena so I wanted to ask you… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,243 satisfied customers
Hello: I run my own business in California -- as of this
Hello: I run my own business in California -- as of this year, an LLC taxed as an S-Corp. I am the only member and employee. I take a reasonable salary and take the rest of what my business makes in d… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,243 satisfied customers
I am self employed with a single-member LLC - I want to set ...
I am self employed with a single-member LLC - I want to set up a self employed 401K plan with a 1 for 1 matching component. Is the matching rules the same as the profit sharing rules where the maximum… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,567 satisfied customers
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