Discussion:SEP and IRA due dates
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Discussion Forum Index --> Tax Questions --> SEP and IRA due dates
Www.cpa1.biz (talk|edits) said: | 2 April 2007 |
| Can you all give me and due dates for a 1) IRA and 2) SEP?
Thanks. | |
| 2 April 2007 | |
| And if you go on extension, October 15th for a SEP (not an IRA, though). | |
Www.cpa1.biz (talk|edits) said: | 2 April 2007 |
| Thanks for the info. I was questioning the IRS piece as well as I have heard the same. | |
Www.cpa1.biz (talk|edits) said: | 26 February 2008 |
| Almanacers,
If the taxpayer elects to put money into an IRA or a SEP, can they file the return and wait until the actual due dates to contribute or do they have to contribute before they file? Please advise. Thanks, Bj | |
| 26 February 2008 | |
| You can file your tax return before contributing to the IRA as long as they understand that April 15th is the due date to contribute, but I have always counseled my clients to not file if they haven't yet funded the SEP, and I've extended them until I hear that they are ready to fund it. Many times over the years a well intended client calls in September to say they won't be able to do it, and we have to revise the extended return (and the current year estimated taxes). | |
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