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    #1

    SEP Contribution

    Client, single owner scorp:

    Contributed for, employee (basically himself), to SEP IRA in 2010

    Just confirming:

    (1) Scrop can deduct SEP IRA on 1120S

    (2) Does it go on W-2?

    (3) Does it become part of wages (like health Insurance Premium)
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    #2
    Check the "retirement plan" box on the w-2. Nothing else needs to be done ( except taking the deduction on the 1120s of course) The contribution escapes wages and FICA/med.
    "The only function of economic forecasting is to make astrology look respectful" - John Kenneth Galbraith

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      #3
      SEP Cont

      Thank you!

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