rfahey Posted April 1, 2013 Posted April 1, 2013 Can someone clarify on the timing of deposots for self employed individuals to their SIMPLES.? I am self employed and usually extend my tax return. I never know what amount I will contribute until I do my return in the summer. Therefore I do not make any contributions usually until the summer ( "deferrals and match " ( however for self employed the funds all are the same really )) THanks for the input.
ETA Consulting LLC Posted April 2, 2013 Posted April 2, 2013 It's the 30 day rule. The extension of time in order to determine your compensation (arguably) doesn't appear to apply to SIMPLE IRAs. Good Luck! CPC, QPA, QKA, TGPC, ERPA
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