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?


Date:  02 Nov 2007

Hello Angel,

W-2 income.

Good luck!
Mike Gray

For answers to new questions, subscribe to our newsletter, Michael Gray, CPA's Tax & Business Insight by filling out the form below.

Home    Newsletter Archive    Introducing Michael Gray, CPA    Articles    Tax FAQ   Need Help?    Other Links

Michael Gray, CPA
2482 Wooding Ct.
San Jose, CA 95128
(408) 918-3162
FAX: (408) 938-0610
Hours: 8am - 5pm PDT Monday - Friday

Find us on Facebook
Follow me on Twitter
Connect on LinkedIn
Our Blog

Subscribe to Michael Gray, CPA's
Tax & Business Insight

We respect your email privacy