Topics

• Setting up a SEP
• How much to contribute
• Deducting contributions
• Salary reduction simplified employee pensions (SARSEPs)
• Distributions (withdrawals)
• Additional taxes
• Reporting and disclosure requirements

Useful Items

Publication

• 590   Individual Retirement Arrangements (IRAs)

Forms (and Instructions)

• W-2   Wage and Tax Statement
• 1040   U.S. Individual Income Tax Return
• 5305-SEP   Simplified Employee Pension-Individual Retirement Accounts Contribution Agreement
• 5305A-SEP   Salary Reduction and Other Elective Simplified Employee Pension-Individual Retirement Accounts Contribution Agreement