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Financial Planning / Tax Strategies
|Subject: Re: solo 401 / stk as compensation||Date: 4/15/2011 9:41 PM|
|Author: irasmilo||Number: 113137 of 125706|
if a self employed individual, sole propiator , is not incorporated and doesn't issue W2s to himself,
canb he still establis ha 401 solo?
Yes, but if you're thinking of doing this for 2010, it's too late. The plan had to be established by 12/31/10 even though funding could be deferred until the filing of the 2010 tax return.
2) a consuttant helps a start up comonay and vs cash cempensation he recieves anm equity interest.
5 yrs later he sells, is it cap gaon?
was it a taxable event originally at the time of reciept?
Yes and yes.
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