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sep ira

Pepm
Level 1

can an officer of a c-corp with no salary deduct a sep ira based on the profits

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rbynaker
Level 13
3 Comments 3
rbynaker
Level 13

No.

abctax55
Level 15

Nope.

At least not based on the profits of the C-Corp

 

 

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abctax55
Level 15

@rbynaker  - jinx 😃

@Pepm - ARE you aware that C-corp income stays with the Corp?

"*******Tax software is no substitute for a professional tax preparer*******
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