So I opened up an Roth IRA and a SEP account this past year. I know that I pay taxes on my Roth IRA money that's contributed, so my question deals with the SEP. It's like a traditional IRA in the sense that the money I contribute is tax free. If I'm planning on maxing it out, do I have to by the end of the calender year? Or by mid April?
If it's by mid April, then do I write off for 2006 only what went into the IRA in 2006? So I should contribute all I can this month. Or, can I write off all that goes into it counting for the 2006 year, meaning I can write off all I contribute into it until the end of the tax year?
My accountant is away for the next couple weeks. We figured out what I needed to pay for this quarters taxes last week cause he's away now. I don't know who else to ask.



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Well, there's always next year...
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Sophia_Starina = stripper goddess 
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