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Meowiz writes:

<<I think if my husband contracted out work, it would be prearranged in the original contract with the 'grantee', and would be contracted or subcontracted out, not to 'employee' type people, if that makes sense. That is not an immediate concern.>>

If they are not employees, then no contribution to a SEP or a Keogh applies for them.

<<I assume you mean here that he can OPEN the SEP until that day also? and one more question,

I think a new Keough account must be opened by Dec. 31, l999 in order to contribute to it for Tax Year l999 by income tax filing date, including extensions, is that correct?>>

Both are correct.

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