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Frequently Asked Questions

What is the deadline for SEP contributions?

Roth, Rollover, SEP and SIMPLE IRAs FAQ
The deadline for employer SEP contributions is the tax filing deadline of the company, including extensions.

Can catch-up contributions be made to a SEP?

Retirement Plans FAQs regarding SEPs
No. SEPs are funded by employer contributions only. However, catch-up contributions can be made to the IRAs that hold the SEP contributions if the SEP-IRA documents allow. The catch-up IRA contribution amount (for employees age 50 and older) is $1,000 for 2006 and later years. See similar questions...

Is there a deadline to set up a SEP?

Retirement Plans FAQs regarding SEPs
A SEP can be set up for a year as late as the due date (including extensions) of the business's income tax return for that year. See similar questions...

What is the timeframe for depositing contributions into SEP-IRAs?

Retirement Plans FAQs regarding SEPs
Contributions for a year must be deposited by the due date (including extensions) for filing your Federal income tax return for the year. The most that may be deducted on the business's tax return for contributions to its employees' SEP-IRAs is the lesser of its contributions or 25% of compensation. (Compensation considered for each employee is limited to $225,000 in 2007, $230,000 for 2008 and subject to annual cost-of-living adjustments for later years. See similar questions...

What is an SEP?

Frequently Asked Questions - FAQ's
SEP stands for "Student Education Plan." For more information, please contact the Department of Counseling at 510-436-2475. See similar questions...

What is the deadline for establishing and funding the SEP?

Franklin Mint Federal Credit Union - FAQs
The plan must be established and the contributions completed by the employer's tax-filing due date, usually by April 15 following the tax year for which the deduction is taken. See similar questions...

Can SEP contributions be deposited into a Roth IRA?

Franklin Mint Federal Credit Union - FAQs
No, but the employee participant may convert the SEP IRA into a Roth and pay the tax due on the conversion. See similar questions...

What is the deadline for SIMPLE IRA contributions?

Roth, Rollover, SEP and SIMPLE IRAs FAQ
The deadline for SIMPLE contributions is the tax filing deadline of the company, including extensions. For a previous year contribution, the SIMPLE plan must have been established by October 1 of the year for which the contribution is being made. For Agents and Brokers | Insurance Forums | About Us | Privacy/Legal | Contact Us | Site Map | Site Menu See similar questions...

What is the deadline for my IRA contributions?

IRA Frequently Asked Questions
The final deadline for making prior year IRA contributions is typically April 15. For example, a contribution for tax year 2007 may be made up until April 15, 2008. See similar questions...

What is the deadline for annual HSA contributions?

Claremont Insurance Services
Contributions for the taxable year can be made in one or more payments, at any time prior to the time for filing the eligible individual’s federal income tax return for that year (without extensions). This is generally April 15. Although the annual contribution is determined monthly, the maximum contribution may be made on the first day of the year. A married couple can make two catch-up contributions, as long as both spouses are at least age 55. See similar questions...

Is there a deadline to send profit sharing contributions matching contributions?

Creative Retirement Systems - Frequently Asked Questions - C...
The employer contributions of profit sharing and matching should be deposited by the due date of the employer’s corporate return. If the employer has filed for an extension, the employer automatically receives an extension for depositing the employer contributions as well. For a calendar year plan the contributions will be due by March 15th. However if the employer files for an extension, the employer contributions will be due by September 15th. See similar questions...

How is a SEP established?

Retirement Plans FAQs regarding SEPs
A SEP is established by adopting a SEP agreement and having eligible employees establish SEP-IRAs. There are three basic steps in setting up a SEP, all of which must be satisfied. A formal written agreement must be executed. This written agreement may be satisfied by adopting an Internal Revenue Service (IRS) model SEP using Form 5305-SEP, Simplified Employee Pension - Individual Retirement Accounts Contribution Agreement. A prototype SEP that was approved by the IRS may also be used. See similar questions...

How much may be contributed to a SEP?

Retirement Plans FAQs regarding SEPs
The limits in the preceding sentence apply in the aggregate to contributions an employer makes for its employees to all defined contribution plans, which includes SEPs. Only up to $225,000 in 2007 ($230,000 in 2008 and subject to annual cost-of-living adjustments for later years) of an employee's compensation may be considered. Contributions must be made in cash. Property cannot be contributed. See similar questions...

IS THERE A DEADLINE FOR CONTRIBUTIONS TO AN HSA FOR A TAXABLE YEAR?

Medical Savings Accounts
Contributions for any taxable year can be made in one or more payments, at any time prior to the deadline, without extensions, for filing your federal income tax return for that year, but not before the beginning of that year. For calendar year taxpayers, this deadline for contributions is generally April 15 following the year for which the contributions are made. See similar questions...

What is the deadline for making RRSP contributions for the 2004 income tax year?

The deadline is February 28, 2005. You have the option of using the contributions for 2004 or use them in the 2005 tax year. See similar questions...

What is the deadline for contributions to take a deduction for the current tax year?

Defined Benefit Plan Frequently Asked Questions
Contributions must be made by your business's tax filing deadline for the current tax year (plus extensions), but no later than September 15th. See similar questions...

How may contributions be made?

myPay
Members may contribute up to 100% of their disposable (net) pay. Contributions may be made either by a savings allotment with a unique bank routing number, or by cash (or check) deposit. Make the deposit or start the allotment at your local pay office. When reviewing your statement, keep in mind that there may be a delay in the posting of cash deposits. See similar questions...

Where do the contributions go?

General/Common FAQ (phpBB2) :: Snailsource
Any contributions go towards paying for development and running costs involved in the UKRag.net project which is rapidly becoming a 3 hour a day job. Recently they have made a new child project "Youthzone.net" possible and helps tackle similar goals to UKRag.net but aimed more at schools and teachers. Additionally they cover the hosting costs incurred from by this site. See similar questions...

How often must/can contributions be made?

SM&R College Investing Frequently Asked Questions All
You can open your account with as little as $20 per month through ACH or for a minimum of $100 you can open a voluntary periodic payment account with minimum subsequent contributions of $20. (These amounts apply to the Growth, Equity Income, Balanced, and Government Bond options. The Primary and Money Market options have a minimum of $100 for automatic bankdraft.) The SM&R Alger options have a minimum initial investment of $500 and minimum of $50 for subsequent contributions. See similar questions...

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