i dont think i would try tomatoes just yet. they tend to be very acidic and can be harsh on the stomache. id wait till my baby is a little older. and this is coming from a mom of a seven month old who has been giving cereal since 2 months and stage 1 food since 3 months, so im not all about following 'the rules'... blondie Â· 9 years ago.
My client 100% S-Corp shareholder has received an IRS examination letter regarding the SEP-IRA deduction on 1040. talked to the IRS agent, he says, the question is focused on the S Corp earnings/distributions qualifying for the SEP-IRA!!! My client in addition to the S Corp distributions, has also received a W-2 from the S-Corp which shows a significant salary justifying the SEP-IRA contributions in my opinion.
Resolved Question: I want to start an SEP-IRA for my S-Corp. I am the only employee in the company. I pay myself a monthly salary and withhold the necessary payroll taxes. In addition, I also take a small distribution on a monthly basis. Based on my research of SEP-IRAs, it looks like the company can contribute up 25% of my total compensation with a maximum of $45,000 for 2007. Hereâs a hypothetical example: Annual gross salary reported on W2 - $25,000.