Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-14-2016, 05:40 PM
Junior Member
 
Join Date: Apr 2016
Posts: 8
Two SEP IRAs for Qualified Joint Venture

My wife and I own a business 50-50 and are filing married filing jointly as a qualified joint venture. I will report 50% of our business income on a schedule C, and she will report the other 50% of the business income on another schedule C. Likewise with respect to Schedule SE: there will be one for each of us.

My question is this: can we each establish a SEP-IRA and contribute each to ourselves as "employer contribution"? We have no employees.

Thanks in advance!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
NOT joint venture but pay social security? Bacawind Sole-Proprietorship 1 02-13-2016 12:35 PM
New LLC, Qualified Joint Venture with one spouse on a green card. Tax implications? Also, LLC has an EIN, does that require a 1065? CAErinB Limited Liability Company 1 03-28-2015 07:17 PM
Qualified Joint Venture 1099 Income Reporting phillyfran For 2014 0 02-10-2015 07:50 PM
How to Handle 1099's When Filing as a Qualified Joint Venture Tifkenjos Sole-Proprietorship 1 02-05-2015 09:23 PM
Tax rules in IRAs derohanes IRA/Sep 4 11-14-2014 10:24 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning