Topics Setting up a SEP How much to contribute Deducting contributions Salary reduction simplified employee pensions (SARSEPs) Distributions (withdrawals) Additional taxes Reporting and disclosure requirements Useful Items Publication 590   Individual Retirement Arrangements (IRAs) Forms (and Instructions) W-2   Wage and Tax Statement 1040   U.S. Individual Income Tax Return 5305-SEP   Simplified Employee Pension-Individual Retirement Accounts Contribution Agreement 5305A-SEP   Salary Reduction and Other Elective Simplified Employee Pension-Individual Retirement Accounts Contribution Agreement