Sep plan & Stock ownership
I have a client
She owns stocks in the company
She gets W2 wages from company
She gets 1099 for consultancy work from corporation
QUESTION:
As she gets 1099 as self employed for consultancy
She will file schedule C
CAN she set up SEP for self employment income?
If she does than does she have any responsibility for corporation’s employees
Those are corporation’s employees NOT hers
Hope forum can help me
Thanks
Permalink Submitted by Jose Morales on Tue, 2015-03-17 21:00
She has no responsibility for the corporation’s employees, she would only be obligated to make contributions for any eligible employees of her own.