keogh vs traditional IRA
if a taxpayer elects not to contribute to a keogh plan for 2008 becuase an employee stole from the business can he do a traditional IRA
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03/31/09 11:17am PDT
Viewed by asker 03/31/09 11:52am PDT
Viewed by asker 03/31/09 11:52am PDT
3 Replies
Jay in Georgia
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03/31/09 11:31am PDT
Anyone with earned income can do an IRA. Isn't your question "Is it deductable"?
03/31/09 11:52am PDT
my client has a keogh witch he contributed prior to 2007. In 2008 can he not do his keogh and do an IRA
sjrcpa
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03/31/09 5:17pm PDT
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Yes, as long as the Keogh does not require a contribution (Money Purchase, Defined Benefit, Safe Harbor 401k)
The more I know, the more I don't know.
