Guest Karis Schwent Posted April 14, 2012 Share Posted April 14, 2012 If someone was an independent contractor in a prior year, does that count as service for eligibility? Link to comment Share on other sites More sharing options...
ETA Consulting LLC Posted April 14, 2012 Share Posted April 14, 2012 No, it doesn't. An independent contract is a self employed individual. Hence, the service would be for the contractor's own company, and he could sponsor a SEP on his own. Good Luck! CPC, QPA, QKA, TGPC, ERPA Link to comment Share on other sites More sharing options...
Gary Lesser Posted October 10, 2012 Share Posted October 10, 2012 Agreed. SEP service must be as an "employee" (regadless of whether any compensation is paid) under Code Section 408(k). Link to comment Share on other sites More sharing options...
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