Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Is it too late to open a SEP IRA, for 2007 ?
I worked 1099 (software designer) until the end of May. For the rest of the year I was unemployed.
I am starting a new job in a week & as I now have income again, I want to open & invest in a SEP IRA for 2007. Am I too late ?
I've filed my Q4 estimate. But haven't submitted my return.
Any leads would be greatly appreciated.
1 Answer
- StopSpendingLv 51 decade agoFavorite Answer
Generally a SEP must be established and funded by your tax filing deadline. Generally, filing extensions extends the period for establishing and funding the SEP plan. For a sole proprietor April 15th would be the deadline to establish and fund a SEP for the prior tax year. If an extension was filed a sole proprietor can establish and fund a SEP IRA by October 15th.
Source(s): http://www.sepira.com/