sjrcpa
Level 15
09-02-2022
05:59 PM
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1. You don't. It was deducted on the 2020 return and shown as a payable on the 12/31/20 Balance Sheet.
2. You need the SEP Document (for the eligibility criteria), the W-2s, Employee Census (age, date of hire, date of termination, hours worked). Put it in a spreadsheet. The contribution can be zero - 25% of eligible wages.
The more I know the more I don’t know.