SEP IRA Contribution for member of an LLC
I have a client who is a memeber of a two member LLC. All net income was paid to her in the form of a guaranteed payment leaving the LLC with no cash. She has $95,000 in guaranteed payments and $0 of allocated business income. How does she fund a SEP IRA contribution?
Thanks,
Steve
Submitted by Stephan A Werth on Tue, 2011-06-14 04:30