sjrcpa
Level 15
12-20-2022
08:33 PM
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"for SEP-IRA, does employer have to do same % as he does for his employees?" YES
"Would it be OK, this being 1st year, for him to just do SEP for himself and skip employees?" NO. If there is a contribution for the owner, there must be a comparable contribution for each eligible employee.
The more I know the more I don’t know.