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WORKING FOR YOURSELF? OPEN YOUR EYES TO THIS GREAT DEAL FROM THE IRS

By Brett Arends – MarketWatch.

If you are self-employed, you may be passing up some great “freebies” offered by the IRS. That’s the ability to score amazing tax deductions by contributing to a solo 401(k), SIMPLE, or SEP – all easy to use retirement plans authorized by the IRS. But these plans aren’t used often enough, writes Brett Arends for MarketWatch. “Agree absolutely,” said Mari, interviewed for the article. “We help clients open many small business accounts like SIMPLEs, solo 401ks, and SEPs. Very few know about them. The solo 401(k) is a fantastic account that should be used more extensively.” (Read the full article here)

04 Jun, 20