SEP-IRA
Can a taxpayer open a 2013 SEP-IRA using the guaranteed payments from an LLC in which she is a member as her SE income? The LLC has no retirement plan in place.
Can a taxpayer open a 2013 SEP-IRA using the guaranteed payments from an LLC in which she is a member as her SE income? The LLC has no retirement plan in place.
Permalink Submitted by Alan - IRA critic on Mon, 2014-04-14 02:53
If LLC is taxed as a partnership, this may help: http://www.irs.gov/Retirement-Plans/Retirement-Plans-FAQs-regarding-SEPs-Establish-a-SEP