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.
Self-Employed Individuals. If you are self-employed, you can set up a 401(k) plan and make contributions for yourself. In this case, you can claim an income tax deduction on your tax return. You must file your income taxes using Form 1040 and report the amount of the contribution to the plan on Line 28.hen you contribute to a 401(k) plan through your employer, your employer takes the money directly out of your paycheck. At the end of the year, your employer adds up the 401(k) plan contributions and reduces the amount of taxable income reported on your Form W-2.