I have a question about retirement taxes and self employment... I worked at a firm last year and instead of getting a K-1, I got a 1099 this year, which effectively means I am self employed. Got to pay self employment taxes now. The question I have revolves around retirement accounts, tho. Being that I am 1099'd and would be paying self employment taxes, am I eligible to make IRA contributions and in particular open a SEP IRA and make the maximum contribution? Does anyone have experience with this? Thanks