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Tax Payer (TP) opened a SEP with required minimum of $8000
Hi Stephen, Tax Payer (TP) opened a SEP with required minimum of $8000 in Jan 2018. But tax year only left TP with a Sched C profit allowing for a deductible SEP contribution of $626. Can the TP leave… read more
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Is their any advantage to trade options/futures in from a
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I have a client who is an s-Corp with 2 shareholders and one
For LaneHi Lane,I have a client who is an s-Corp with 2 shareholders and one employee besides the 2 of them. They have a simple ira through the business where they contribute some money. The 2 shareho… read more
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Thank you in advance for any help! Background: I am a
Hello and thank you in advance for any help!Background: I am a self-employed sole proprietor (no employees) with estimated net profit of $115,000 for 2018 and am looking to maximize my tax-deferred sa… read more
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I have questions about whether I can make deductible
I have questions about whether I can make deductible contributions to our SEP IRA under the new tax laws. My wife and I both have separate SEP IRAs but we are both over 70 1/2. … read more
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I am self-employed. I would like to verify tax deduction
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IRA AND SCHEDULE C INCOME: HUSBAND AND WIFE ARE BOTH OVER 50
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Lev
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there! I am the sole owner of an S-corp, and I have a
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I am small business owner making $200k/year, I don't take a
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I am S-corp owner and paid $12K in W2 wages for 2013. Is there
I am S-corp owner and paid $12K in W2 wages for 2013. Is there a way to make a contribution to traditional IRA now without owning additional SS and Medicare taxes?… read more
DanielleCPA
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MARRIED COUPLE FILES JOINTLY. HUSBAND HAS $275,000 WAGES INCOME
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I am a partner in a business with 3 other partners. We have
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My sole proprietorship has received $200,000 in compensation
My sole proprietorship has received $200,000 in compensation for services this year, but half of it is in the form of stock. Can I still contribute 25% of this $200k to a SEP IRA?… read more
Lev
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I do not have a 401k at my work, therefore I am considering
I do not have a 401k at my work, therefore I am considering going out on my own as a self employed individual so I can take greater advantage of a sep-ira versus the regular ira tat I can only contrib… read more
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I am an employee of company X. Company X provides me with
I am an employee of company X. Company X provides me with a 401(k) plan that I contribute $15,500 to. Company X also matches my contributions. Let's say their match is $10K. In addition to my employme… read more
Lev
Lev
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What if you had two tax deferred accounts a sep ira to which
What if you had two tax deferred accounts: a sep ira to which you had excess contributions and an employer sponsored (401k or 457?) that you contributed much less than the limit. do you owe tax on the… read more
Lev
Lev
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Bachelor's Degree Equivalent
31,763 satisfied customers
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