SEP IRA deadline farm taxes , tax year 2008
Here is the situation: A farmer client opened a SEP IRA on Feb 25th with a contribution of $8,000 utilizing a fixed annuity as the investment vehicle and the insurance carrier as the custodian. Unfortunately the carrier does not administer SEP IRAs and is sending the money back. The Farmer filed partnership reutrns on March 1st, what if anything can be done to maintain the 2008 contribution.
Permalink Submitted by Martin Helmer on Mon, 2009-03-09 20:31
Set up &contribute to the SEP with an acceptable custodian by the original due date of the partnership return (April 15?).