Gemator
Level 2
05-17-2020
10:20 AM
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Is it possible to set up another retirement plan like 401K if the business owner has an IRA in place for 2019 to increase tax deductions?
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IRonMaN
Level 15
05-17-2020
10:27 AM
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It's possible, but then he may lose the deductibility of the IRA.
Slava Ukraini!
abctax55
Level 15
05-17-2020
10:53 AM
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I think it's a bit too late to set up a 401K for 2019...
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qbteachmt
Level 15
05-17-2020
11:23 AM
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You asked Twice. Here's the original:
No need to keep starting from the beginning again. Thanks.
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Gemator
Level 2
05-19-2020
12:01 PM
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Even if the tax filing deadline for 2019 has been extended to July 15 this year?
Thanks.
Gemator
Level 2
05-19-2020
12:02 PM
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OK, thanks for the reminder. Noted.