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Self-Employed subcontractor question... Which retirement has
Self-Employed subcontractor question...Which retirement has the highest tax advantages for a self-employed (0 employees, with a spouse) for the family and what are the contribution limits: Business ne… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,770 satisfied customers
Lane, are contributions to a solo 401K treated as a
Hi Lane, are contributions to a solo 401K treated as a deduction to adjusted gross income like contributions to a SEP for a sole proprietorship?… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
21,097 satisfied customers
IRS Tax Question: Can you confirm for me yet if I am good to
IRS Tax Question:Can you confirm for me yet if I am good to contribute $5,500 to a Traditional IRA for 2018 because I will max out my SEP IRA. I know I made enough to max out my SEP IRA, I just need y… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,770 satisfied customers
When Opening an SEP IRA is it possible to put stock in it?
When Opening an SEP IRA is it possible to put stock in it? Can I transfer stock from my SEP to an IRA or Roth IRA? Does the account have to be started with cash? I put too much in my SEP so I have to … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,959 satisfied customers
I have clients who contribute to SEP plans either thru an
I have clients who contribute to SEP plans either thru an S-Corp for a single shareholder or a sole-proprietor. Can they still take the SEP/Simple adjustment on the 1040 of their return if the contrib… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,959 satisfied customers
My daughter makes over 200K /yr and I've sugested a SEP IRA
My daughter makes over 200K /yr and I've sugested a SEP IRA because I read she could place up to 54K ,write that of due to deferred status. … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,549 satisfied customers
Cool. I have a question about contrinuting to my IRA, Im
Cool. I have a question about contrinuting to my IRA … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
I am a self employed 1099-MISC income earner and contribute
I am a self employed 1099-MISC income earner and contribute to an IRA each year. I am 57 and my wife is 48. My wife went back to work this year in September. She is a part time teacher and earns a sma… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,959 satisfied customers
I am self-employed 1099 by hour and half years now as an IT
I am self-employed 1099 by hour for 2 and half years now as an IT consultant. I want to lower my 2015 taxable income by opening a sep IRA with etrade. Am I eligible for sep-IRA deduction for 2015, if … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
, I am a tax preparer with a client who has a SEP for
Hello, I am a tax preparer with a client who has a SEP for her self-employment income AND a 403B retirement plan at work. I keep reading in the IRS literature that her maximum contribution to the SEP … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,959 satisfied customers
if you are self employed filing as head of household and your
if you are self employed filing as head of household and your profit is 37467, what is the maximum deduction that you can take for contribution to SEP-IRA. Are you also allowed to file for retirement … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,959 satisfied customers
I retired May 1,2011. I receive a union pension . A monthly
I retired May 1,2011. I receive a union pension . A monthly defined benefit. I do not have any other retirement accounts. Can I open up a Roth IRA and fund it from the wages I earned from January -Apr… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,959 satisfied customers
Facts: Self-employed person over 50 wont know how much he
Facts: Self-employed person over 50 won't know how much he can contribute to his IRA/SEP in 2011, but estimates it will be from $5,000 to $7,500, and goes ahead and contributes $2,500. Can he go ahead… read more
Bill
Bill
Master's Degree
3,160 satisfied customers
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
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,959 satisfied customers
My wife worked for a college under contract for 3 years, but
My wife worked for a college under contract for 3 years, but was not paid the contract amount do to financial problems and only received about 1/3 of the contract amount. The college closed it's doors… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,959 satisfied customers
Im interested in doing 72t distributions from my SEP IRA. The
I'm interested in doing 72t distributions from my SEP IRA. The SEP IRA is with the S Corp company I own. But my company has since set up a separate 401k and so there are no longer any contributions to… read more
Bill
Bill
Master's Degree
3,160 satisfied customers
My wife works 2 days a week as an employee and also 2 days
My wife works 2 days a week as an employee and also 2 days a week as an independent contractor (1099) and files a schedule C for this independent work. Can she make deductible contributions to both a … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,959 satisfied customers
If I have earned income as well as self employed income, can
If I have earned income as well as self employed income, can I have both a standard ira as well as a SEP IRA ? If so, do contributions to one offset allowable contributions to the other?… read more
Bill
Bill
Master's Degree
3,160 satisfied customers
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