I am a family physician & employed physician. I'm doing a deposition and the fee is being paid directly to me.
Do I need to do a schedule C or will that company be sending me a 1099?
If I WANT to do a schedule C or a SEP IRA, could I do that based on this income? I did a SEP years ago, so I don't remember how much of income I could contribute.
In a somewhat related area, my wife has traditional IRA money I'd like to roll over to a individual 401K for her to allow for backdoor roth. Is it truly as easy as get an EIN and earn a few bucks (sub-100 even?), and start the 401k? I would presume a schedule C is also needed in this case.
Thanks!
Do I need to do a schedule C or will that company be sending me a 1099?
If I WANT to do a schedule C or a SEP IRA, could I do that based on this income? I did a SEP years ago, so I don't remember how much of income I could contribute.
In a somewhat related area, my wife has traditional IRA money I'd like to roll over to a individual 401K for her to allow for backdoor roth. Is it truly as easy as get an EIN and earn a few bucks (sub-100 even?), and start the 401k? I would presume a schedule C is also needed in this case.
Thanks!
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