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October 21, 2024
Question

S Corp Ira's and Distributions

  • October 21, 2024
  • 2 replies
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Can I as the sole owner and employee in an LLC with S Corp taxation, put money into an IRA before year end, for myself as an employee of my own LLC, which would also lower any distribution?

2 replies

Employee
October 21, 2024
No text available
Employee
October 21, 2024

Although a SEP plan is the simplest, also see IRS Pub 560 for additional retirement-plan options:

https://www.irs.gov/pub/irs-pdf/p560.pdf