SEP cont by 2% S Corp owner
LacerteI've read everything I can find and I'm still confused. Can a >2% owner of an S Corp make a SEP contribution based on wages from the corp? The employee not the S Corp made the contribution.
1
11
anfImsrxWr346iacfA8pyY
04/11/10 8:13am PDT
Viewed by asker 02/21/12 4:37pm PST
Viewed by asker 02/21/12 4:37pm PST
1 Reply
PhoebeRoberts
Questions asked: 81
Questions answered: 9536
Points earned: 34954
Questions answered: 9536
Points earned: 34954
Accountant Community AllStar
Advisory council of Accountant community power users.
Intuit Moderator
Mod/Co-mod
04/11/10 8:46am PDT
Latest post
There's nothing confusing about it. A SEP is an employer plan, and must be established and funded by the employer.
Heck, that's even the case for a partnership, which is about as non-employer-ish as you can get.
If I wanted phone calls, my phone number would be in my profile. If you have a question, post it in the applicable forum.
