Publication 560

A form published by the IRS explaining tax issues related to small business retirement plans. For example, it discusses SEP IRAs and SIMPLE 401(k)s.

References in periodicals archive ?

Information is available in IRS Publication 560, Retirement Plans for Small Business; owners can find it on the IRS website,www.irs.gov.

Invest in your company or retirement? Tips for doing both

If your client is self-employed, their SEP IRA contribution is based on their Schedule C net profit, along with a few adjustments (for the exact calculation, use the worksheet in IRS Publication 560).

How to reduce your client's 2013 tax liability ... in 2014

To review the many differences in plans, head to www.irs.gov/retirernent/ index.html or read IRS Publication 560. And good luck with the new venture.

QA: money matters

To resolve the potential complexity of this computation, IRS Publication 560 specifies the following steps in determining the Keogh deduction:

Chapter 22: HR 10 (Keogh) plan

For more information about the technical aspects of each plan, consult with a discount broker, independent financial advisor or IRS Publication 560: Retirement Plans for Small Business.

Benefits that won't break the bank: retirement plans needn't be scary. Tax credits, low maintenance and favorable rules make them easy and economical benefits for you and your staff

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