Discussion:SEP Contribution
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Discussion Forum Index --> Advanced Tax Questions --> SEP Contribution
Discussion Forum Index --> Tax Questions --> SEP Contribution
Cpathatsings (talk|edits) said: | 19 January 2008 |
| I have a client employer who has to make a contribution for an eligible employee who is in jail. We have contacted many banks and brokerage firms regarding acceping the contribution but if the employee can't sign the paperwork, they won't let my client make the contribution. I have put in a call to IRS where the question was written up but I haven't heard from them yet.
I don't want my client's plan to be in jeopardy if a contribution isn't made. Do any of you have any suggestions. | |
| 19 January 2008 | |
| the jail doesn't allow visitors? mail?
a singing CPA should be a little creative, yes? | |
Southparkcpa (talk|edits) said: | 20 January 2008 |
| Can you not set the plan up to have a 2 or 3 year hold out to exclude the jailed person?
If not, while not technically proper, I would be aggressive here and open up a CD with the employees money. I would not allow this to stop client from contributing. When the jailbird is free, open the IRA. | |
| 20 January 2008 | |
| Will the jail remove his handcuffs just long enough to sign? | |
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