Discussion:SEP IRA for two companies
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Discussion Forum Index --> Advanced Tax Questions --> SEP IRA for two companies
Discussion Forum Index --> Tax Questions --> SEP IRA for two companies
| 17 June 2008 | |
| Husband and wife are 100% owners of 2 S corps and want to set up a SEP for their employees in both companies. Is there any way they can set up the SEP in just one company to cover employees of both companies? I don't think so because of the separate 1120S returns on which the employer deductions are taken but I'm not sure. One company is not a QSUB of the other. Thanks. | |
| 17 June 2008 | |
| One further question: can H & W opt out of the SEP? they have their own personal IRA for which contributions are deducted on their 1040. they draw reasonable salaries from the S corps and only want to establish a SEP for their employees. | |
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