Tag Archives: tax credit

Solo 401k

Roth IRA vs 401k: Where Should I Transfer My Mega Backdoor Roth Solo 401k?

April 16, 2024 | By George Blower

Harvard Law Attorney George Blower reviews the considerations for those Solo 401k owners deciding whether to transfer their voluntary after-tax solo 401k contributions (Mega Backdoor Roth) to a Roth IRA vs 401k.

Solo 401k

How to Start a 401(k) Without an Employer | Set Up a Solo 401k for Yourself with or without a W-2 Job

April 4, 2024 | By George Blower

Harvard Law Attorney George Blower reviews the eligibility criteria to set up a Solo 401k for self-employed individuals, freelancers, and small business owners without a W-2 job and access to a 401k plan.

Solo 401k

How to Report Solo 401k Contributions on Your 1040 Tax Return: A Step-by-Step Guide for Sole Proprietor/1099 Independent Contractor

April 2, 2024 | By George Blower

Harvard Law Attorney George Blower reviews how to report Solo 401k Contributions on Form 1040 for a self-employed business taxed as a sole proprietor/1099 Independent Contractor.

Solo 401k

Solo 401k for the 73+: Maximize Your Retirement Savings at Any Age

April 1, 2024 | By George Blower

Harvard Law Attorney George Blower reviews whether a solo 401k can be opened for someone who is age 73 or older.

Solo 401k

Can a Sole Proprietor/Single Member LLC/1099-NEC Independent Contractors set up a plan in 2024 and make Solo 401k contributions for 2023?

March 13, 2024 | By George Blower

Harvard Law Attorney George Blower reviews the deadline for a Sole Proprietor/Single Member LLC/1099-NEC Independent Contractors to set up a plan in 2024 and make Solo 401k contributions for 2023.

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Solo 401k

Custodian of Solo 401k vs Custodian of IRA Who is the Custodian of my retirement account?

March 12, 2024 | By George Blower

Harvard Law Attorney George Blower reviews the differences between the custodian of Solo 401k vs the custodian of an IRA.

Solo 401k

Can I make matching contributions to my Solo 401k?

March 8, 2024 | By George Blower

Harvard Law Attorney George Blower explains whether matching contributions may be made to a Solo 401k.

Solo 401k

Solo 401k RMD: Can I Rollover my Required Minimum Distribution to an IRA?

March 5, 2024 | By George Blower

Harvard Law Attorney George Blower explains whether you can rollover a required minimum distribution (RMD) from a Solo 401k to an IRA.

Solo 401k

Solo 401k Contribution Calculator FAQ: 25% of What? How to calculate Solo 401k Employer Contributions for an S-corp/C-corp

February 28, 2024 | By George Blower

Harvard Law Attorney George Blower explains how to determine w-2 wages for a solopreneur taxed as an S-corp/C-corp for purposes of calculating your Solo 401k employer contribution limit.

Solo 401k

How do I report Employer Roth Solo 401k Contributions on my S-corp Tax Return (1120s)? #401k #Roth

February 26, 2024 | By George Blower

Harvard Law Attorney George Blower explains how Employer Solo 401k contributions made as Roth Solo 401k contributions are reported for a self-employed business taxed as an S-corporation.

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