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  Topic: withdrawal from IRA to fund SEP IRA in another company
kadru_tainphu

Replies: 2
Views: 13777

Post image iconForum: Taxes   Posted: Wed Jul 16, 2014 2:23 pm   Subject: withdrawal from IRA to fund SEP IRA in another company
MY wife has a IRA account in Janus from prior year. Can we withdraw it to put money in SEP IRA in Vanguard. Janus doesn't offer SEP IRA.
Will there be additional taxes?
  Topic: withdrawal from IRA to fund SEP IRA in another company
kadru_tainphu

Replies: 0
Views: 11424

Post image iconForum: Taxes   Posted: Wed Jul 16, 2014 2:23 pm   Subject: withdrawal from IRA to fund SEP IRA in another company
MY wife has a IRA account in Janus from prior year. Can we withdraw it to put money in SEP IRA in Vanguard. Janus doesn't offer SEP IRA.
Will there be additional taxes?
  Topic: 1099-MISC
kadru_tainphu

Replies: 7
Views: 18542

Post image iconForum: Taxes   Posted: Mon Dec 30, 2013 2:15 pm   Subject: 1099-MISC
Thanks a lot. I did open a SEP IRA with 25% of her income. But I am still not sure about the total contribution limit allowed for 2013. Is it still possible to open a SIMPLE or some other IRA to save ...
  Topic: 1099-MISC
kadru_tainphu

Replies: 7
Views: 18542

Post image iconForum: Taxes   Posted: Mon Dec 23, 2013 2:31 pm   Subject: 1099-Misc
We could check her earning from ssa.gov web site. Thanks.
But can she calim both IRA and SEP IRA deductions in the same year?
  Topic: 1099-MISC
kadru_tainphu

Replies: 7
Views: 18542

Post image iconForum: Taxes   Posted: Sun Dec 22, 2013 1:14 am   Subject: 1099-MISC
Thanks. But can she take deductions for both IRA as well as SEP IRA?
  Topic: 1099-MISC
kadru_tainphu

Replies: 7
Views: 18542

Post image iconForum: Taxes   Posted: Fri Dec 20, 2013 11:04 pm   Subject: 1099-MISC
Thanks. How do we know that Line 56 (self employment taxes) covers social security and medicaid?
Thanks
  Topic: 1099-MISC
kadru_tainphu

Replies: 7
Views: 18542

Post image iconForum: Taxes   Posted: Tue Dec 17, 2013 4:53 pm   Subject: 1099-MISC
My wife gets a 1099-MISC from her employer. It is reported as Other income. Can she open a SEP IRA (IRS web site says 25% of income is allowable)?

Thanks
 
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