Business Owners of C Corp want the Corp to contribute to their IRAs
Can a C Corp contribute to owners’ IRAs without having to offer IRA to their employees?
It does not seem that would be allowed, but I cannot seem to find a definitive answer.
Can a C Corp contribute to owners’ IRAs without having to offer IRA to their employees?
It does not seem that would be allowed, but I cannot seem to find a definitive answer.
Permalink Submitted by William Tuttle on Thu, 2023-10-12 13:43
A business can certainly increase an individual’s taxable compensation to facilitate a contribution.
Permalink Submitted by David Mertz on Thu, 2023-10-12 14:36
And that contribution is treated as a contribution by the individual, not a contribution by the employer.