Sep Ira

[S T]

I have a client that was on W-2 wages until August 2011, earnings $ 112,000, and participated in 401K.

In August 2011 client started her own consulting business -SMLLC.

Will she be eligible for a SEP IRA on the SMLLC for 2011?

Thanks

Sandy

[appelman]

Why not?

See:

http://www.irs.gov/retirement/article/0,,id=111419,00.html#4

[S T]

Thanks Appleman for the link.

Sandy