Sole Prop. SEP-IRA

[WhiteOleander]

Hey Guys,

Can a sole Prop with no employees have a SEP-IRA? I've looked at TTB and the Pub. It talks about the rules for the employee contributions. But, it doesn't say that the employees are required to do a SEP.

Thanks.

[BP.]

Can a sole Prop with no employees have a SEP-IRA?

Yes

I've looked at TTB and the Pub. It talks about the rules for the employee contributions.

Have another look at TTB 13-15 & 16, and pub 560. Rules for employer (not employee) contributions are discussed.

But, it doesn't say that the employees are required to do a SEP.

??? Employers, not employees, have SEP contribution requirements.

[WhiteOleander]

Yes



Have another look at TTB 13-15 & 16, and pub 560. Rules for employer (not employee) contributions are discussed.



??? Employers, not employees, have SEP contribution requirements.

Yes, I said that wrong. What I meant was the info about eligible employees. (it was early. I'm surprised you couldn't read my mind)