30k in a sep plan by Oct 15?
Hi,
I"m a professional gambler for 2004. I am working on my last tax extension for 2004 this week, which is due Oct 15. I was just told by my tax person that if I can get a SEP plan set up by the time I file my 2004 tax return, I might get a nice deduction for 2004 (plus be saving for retirement). I was going to max it (30k or so for me). My bank is closed today.
I don't know much about this issue yet, and decided to start my research here! Any ideas or thougts on this appreciated (Such as suggestions on how to set it up or where to set it up, how it works, etc).
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