Director’s Fees
Hi everyone
Two questions
Do Directors fees count as earned income for IRA eligibility?
Do Director fee count as earned income for SEP-IRA eligibility? In other words – can an individual establish and fund a SEP-IRA using only income earned from serving on a board of directors?
Thank you!!!
Permalink Submitted by Alan - IRA critic on Mon, 2014-08-11 03:00
The IRA considers them self employment income, so a Sch C can be filed and a SEP contribution made.