SEP Contribution (prior tax year)
Business owner on extension makes a SEP-IRA contribution for the 2013 tax year on 10/19/2014.
Question(s)
What is the deadline to make a 2013 SEP contribution? I know its tax filing + extension (10/15/2014). Is 10/15 a hard date? Or do SEP contibutions follow prior year IRA contribution rules where postmark date governs?
Thank oou
Permalink Submitted by Alan - IRA critic on Wed, 2014-10-22 01:18
Yes, the postmark date applies to all IRA contributions, so in this case the contribution must have been postmarked no later than 10/15.