Can a C Corp have a SEP?

Submitted by Robert Wright on Fri, 2020-02-14 22:26

My business is a C Corp.

Can my C Corp business establish a SEP?

Thank you.



Submitted by William Tuttle on Fri, 2020-02-14 23:08

  • A SEP IRA is seldom the optimal choice of employer retirement plans. Unless you are adopting a plan for the 2019 tax year as it is the only option available at this point.
  • Depending on circumstances, a SIMPLE IRA or 401k plan would likely be a better option for 2020.

Submitted by Robert Wright on Sat, 2020-02-15 03:24

  • Thanks for your answer. 
  • Why do you say a SIMPLE IRA or 401k plan would likely be a better option for 2020?

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