Can S Corp Shareholder Contribute Sep?

Analyze the full background Can S Corp Shareholder Contribute Sep supported by expert analysis.

You should refrain from deducting your SEP contributions on your Schedule C or F forms. If you are an LLC member and your company has made an election to be treated for tax purposes as an LLC, S Corp, or C Corp, SEP contributions can be deducted on either Form 1120 or 11205. This means you will be treated the same as any other employee.

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Chloe Bennett

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