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 5305 Simple Form 2008

2008-2025 Form

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What makes the 5305 simple 2008 form legally valid?

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Quick guide on how to complete 5305 simple 2008 form

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Instructions and help about 5305 Simple Form

today we're going to talk about the set by array to help you figure out whether or not the set by array is the right retirement plan for you as a small business owner or an independent contractor now this is a really easy plan to set up easy to maintain and it's going to help you reduce your taxes and in addition to that you can still have a step Ira even if you have full-time employees in fact if you do have eligible full-time employees then you would need to make a contribution to their sep IRAs when you make a contribution to your own SEP IRA as long as they meet those eligibility requirements so let's go ahead and start with the setup process so the SEP IRA is going to require that you open up an IRA application for each eligible employee and likely depending on where you're opening up your SEP IRA it could be exactly the same form as the traditional IRA or the Roth IRA there might just be a check box that says SEP IRA it's that easy in addit

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