Can I establish a SEP-IRA for my S corporation?

September 26, 2008

From:  Angel
Date:  16 Oct 2007

I have an S corporation and I am the only employee. Can I establish a SEP-IRA? If so, do I base the 25% calculation on my salary (W-2 income) from the business or on the business earnings?

Answer

Date:  02 Nov 2007

Hello Angel,

W-2 income.

Good luck!
Mike Gray

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