SEP, SARSEP, SIMPLE and TSA Software Programs

[Gary Lesser]

QP-SEP Illustrator software programs for 2002 have been delayed - see "3Qs for IRS thread).

SIMPLE Illustrator (v 2002) has already been released.

I have not even begun to think about the TSA/MEC Calculator and Analyzer software, which I will prepare once IRS worksheets are finalized.

For more information, all me at (317) 254-0385 [after 9 a.m. please - that's 10 a.m. if set to NY time]

Note: I have heard that the IRS is standing by their draft worksheets (allowing elective and employer contributions to exceed earned income). The result would seem to conflict with IRC 401(d) in the case of a qualified plan (and, IMO, may result in penalties under IRC 4972). IRC 401(d) is not mentioned in IRC 414(v). Also, the IRS needs to have separate worksheets for Roth IRAs which generally have a $15,000 (not $10,000) spread.