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The details of the tax treatment of excess SEP contributions are give in IRS Publication 560:
https://www.irs.gov/pub/irs-pdf/p560.pdf
Whether or not there is a penalty depends upon the type of plan, whether or not you are self-employed, and timing of withdrawals.
The details of the tax treatment of excess SEP contributions are give in IRS Publication 560:
https://www.irs.gov/pub/irs-pdf/p560.pdf
Whether or not there is a penalty depends upon the type of plan, whether or not you are self-employed, and timing of withdrawals.
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