Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
I have an SCorp where I am the sole employee. I have set up a SEP. Since I hold 100% of the stock how do I account for the SEP contributions. Do they go on the SEP return or do they get added to my W2 and go on my return?

FYI. I have asked two CPA's and gotten two different answers.

Print the post  

Announcements

Disclaimer:
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.