BenefitsLink Message Boards > How to report FICA and W2 for SEP?

Full Version: How to report FICA and W2 for SEP?

BenefitsLink Message Boards > Retirement Plans > SEP, SARSEP and SIMPLE Plans

Jerry G

Jul 12 2009, 11:06 PM

I am an S Corp owner who just set up a simple K.
When I make my simple K contribution, do I write the check from the corp or my personal account?
Is the contribution subject to FICA?
On the W2, is the contribution amount included in Box1?
Thanks,
Jerry

david rigby

Jul 13 2009, 08:56 AM

You should probably get a copy of IRS Publication 560. http://www.irs.gov/app/picklist/list/publi...NoticesPdf.html

call 1-800-TAX-FORM.

This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.