Message Font: Serif | Sans-Serif
No. of Recommendations: 1
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.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.