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URL:  http://boards.fool.com/your-maximum-sep-contributions-are-based-solely-13296074.aspx

Subject:  Re: Do I qualify for SEP-IRA? Date:  9/13/2000  10:30 AM
Author:  JoeSchmoe Number:  24785 of 75832

Your maximum SEP contributions are based solely on your net incomes from self-employment. You can't consider the other wages. Details are in IRS Publication 560.

Thanks; what exactly counts as self employed? The outfit we are working for pays us as contractors, I assume that suffices?

Also, are there any special steps one needs to take to set up a SEP-IRA? I am only able to find Roth/Ordinary IRA account applications at various brokerages..

Thanks,
Sam
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