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Re: How to Report on Form 5330- Excess Contribution SEP-IRA Self-employed with No Employees

I looking for some direction regarding my point 4 and 5. Taxpayer and I prefer to apply the excess contribution for tax year 2025 before the return is filed. If...

victortax5657

1

Mar 12, 2025
How to Report on Form 5330- Excess Contribution SEP-IRA Self-employed with No Employees

1. Taxpayer is Self-employed (1040-Sch. C) with no employees.2. Total contribution 2024 = $4,623.053. 2024 allowable deduction computed = $2,6534. Excess = $1,9...

victortax5657

4

Mar 12, 2025
How do I correct excess Roth contribution made for 2020 in the 2020 return? FYI, extension was time...

victortax5657

1

Jun 23, 2021
2020 excess Roth contribution of $5,000 which earned $1,000. What should get reported on the 2020 ...

victortax5657

2

Apr 30, 2021
Detail (worksheet line numbers) how to report/fix excess Roth contribution (2020 return)

victortax5657

2

Apr 28, 2021

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