SEP IRA deadlines and filing issues?

[finalpsychyear]

My understanding it is October 15th if you filed an extension. Other than having a sep ira account set up already with your brokerage is there any other documentation that you send the IRS?

How is it monitored whether you make the deposit on time or not or like with other things you roll the dice and if audited then of course if the timing and amount you deducted do not match the accounts your going to have major issues or does the brokerage automatically send info yearly on your behalf?

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[ThoracicGuy]

Is there are reason you chose a SEP over the solo 401k?

 

[finalpsychyear]

Is there are reason you chose a SEP over the solo 401k?

I didn't file 401k by end of 2018 so if i want a retirement deduction for 2018 i have to have a sep for 2018 which i will then convert this year and then open a 401k before end of year.