SEE-2 - Specialized Returns and Taxpayers - Section 3.3

Compare employer-sponsored retirement plans - SEP-IRA, SIMPLE IRA, and qualified plans - and apply contribution limits, deduction rules, and prohibited transaction rules.

Compare SEP-IRA, SIMPLE IRA, solo 401(k), and qualified defined-contribution and defined-benefit plans, applying the annual contribution and deduction limits and the eligibility and coverage requirements an employer must meet. Recognise the self-employed retirement deduction is taken above the line, and identify prohibited transactions and the excise taxes that result from excess contributions.

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