Guest ronalds Posted February 20, 2000 Report Share Posted February 20, 2000 I have a client that overfunded his 1998 SEPP by $3,200 in February of 1999. The CPA figured that they would just use it towards the 1999 contribution. When I met the client in July of 1999, he told me he didn't have a qualified plan and wanted to put in a profit sharing plan which we did. Now I have found out about the SEPP. As it was a model SEPP, I believe that he is not allowed to have another plan for that year. Am I correct? If so, how should we go about fixing this problem? Thank you. Link to comment Share on other sites More sharing options...
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