What a wonderful way to spend a Saturday! Ugh. At least now I’ve figured out that I can contribute $2,500 to my 2005 SEP-IRA. I plan to open one up at Vanguard by the April 17th deadline and then merge it with the rest of my Traditional IRA funds. Am I supposed to mail my returns via Certified Mail? I’m not – If they cash my check then that should be proof enough.
Here is a useful SEP-IRA contribution calculator (Thanks Wes). If you had Google Adsense revenue in 2005, don’t forget that it’s taxable income! Check out Adsense Taxes for more information and tax-minimizing ideas.
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Congrats on getting yours done! You are a better man than I.
For the past few years, I’ve paid to have mine done. The more investments I have, the more complex they get. I figure that their fee is worth it if I avoid a mistake that could cost me an audit or a missed deduction.