steve-o Posted April 26, 2006 Posted April 26, 2006 A self-employed individual had a SEP in 2005 and will be incorporating as of May 1, 2006. Can he contribute to his own SEP for the first four months of '06? Can the corporation then start its own SEP as of 5/1/06 and make a full contribution for him for the remainder of the year? Or is one SEP all that is allowed per year?
ERISAnut Posted April 26, 2006 Posted April 26, 2006 The EMPLOYER is the same. Merely changing the entity type does not create a new employer. You're overthinking it.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now