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  • 1.  SEP contribution

    Bronze Most Valuable Member
    Posted 08-16-2018 06:24 PM
    A taxpayer was a self-employed consultant.  He worked all year in 2017 and had SE income.  His 2017 return had to be extended due to illness and he subsequently passed away.  His SEP has not yet been converted to his beneficiary.  Does anyone know if he can make a contribution to his SEP for 2017 even though he has passed away, as he did have the SE income for 2017.

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    Jay P. Haberman, CPA
    998C Old Country Rd, PMB 422
    Plainview, NY 11803
    (516) 775-0175
    jayh@cpa.com
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  • 2.  RE: SEP contribution

    Bronze Most Valuable Member
    Posted 08-16-2018 06:47 PM
    An error in my post. My e-mail is Haberman@cpa.com

    Sent from my iPad


    Original Message


  • 3.  RE: SEP contribution

    Bronze Most Valuable Member
    Posted 08-17-2018 12:13 PM
    Jay
    I would assume that the contribution for 2017 can and should be made, since a subsequent event in 2018 should not generally affect a prior tax year tax transaction
    Jerry
    Sent from my iPhone


    Original Message


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The opinions expressed are the views of the author alone and should not be attributed to any other individual or entity and shall not constitute an accounting opinion.