SEP IRA contributions in an S Corp
It is my understanding that for an owner of an S Corporation, contributions to a SEP plan can be made based on W-2 wages only, and not also on S Corp profits/income. Is this correct?
It is my understanding that for an owner of an S Corporation, contributions to a SEP plan can be made based on W-2 wages only, and not also on S Corp profits/income. Is this correct?
Permalink Submitted by Alan - IRA critic on Sun, 2013-03-10 18:12
Yes.