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Level 1
October 12, 2020
Solved

sep ira

  • October 12, 2020
  • 2 replies
  • 15 views

can an officer of a c-corp with no salary deduct a sep ira based on the profits

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Best answer by rbynaker

No.

2 replies

rbynaker
rbynakerAnswer
Level 13
October 12, 2020

No.

abctax55
Level 15
October 12, 2020

@rbynaker  - jinx 😃

@Pepm - ARE you aware that C-corp income stays with the Corp?

HumanKind... Be Both
abctax55
Level 15
October 12, 2020

Nope.

At least not based on the profits of the C-Corp

 

 

HumanKind... Be Both