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A statutory employee can contribute to a SEP, but it must be setup by his employer
Here is a link: https://www.irs.gov/pub/irs-news/fs-08-24.pdf
Well the article you reference certainly seems to answer the question.
I spent a half hour on the phone with the IRS today who told me that my client could contribute, and he referenced the "over 21, made $600, etc." When I said I believed that referred to an employer sponsored plan, he said he didn't want to argue semantics.
That's the expert.
Thank you!
If a statutory employee received W-2 from her employer and those income is recorded on her Schedule C, would those Schedule C income be considered self-employment earnings for making maximum contribution to a SEP IRA, and the plan was set up under the employee's name?
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