Is it allowable to arrange the match or profit-sharing component of a self employed person's retirement plan in such a way that it can reduce SE tax?
My tax software wants to deduct both components on the front page of the 1040. I'd like to limit that to the SIMPLE or 401k deferral and pay the rest of it at the entity level so that it reduces SE tax.
My tax software wants to deduct both components on the front page of the 1040. I'd like to limit that to the SIMPLE or 401k deferral and pay the rest of it at the entity level so that it reduces SE tax.
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