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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