Tom Poje Posted December 13, 2010 Posted December 13, 2010 since I was asked this, and I don't deal with these, I'll go to the experts. Can a husband and wife who own a business but pay themselves via a 1099 put in a SEP? If so, can they contribute the maximum ?
Gary Lesser Posted December 13, 2010 Posted December 13, 2010 More information probably needed. The business can have a SEP but the owner's have no compensation upon which to base a contribution. Does this business have any employees? Do each of the owner's operate a sole proprietorship that is a trade or business? WHy a 1099?
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