Maximize your Self Directed 401ks deductions

How would you like to cut an extra two or three thousand dollars off your tax bill. If you are making contributions to your self directed 401k plan something as simple as the type of entity you use can dramatically lower your taxes. In particular, if you operate within a corporate entity and make contributions to your profit sharing plan instead of 401k plan you won't have to pay employment taxes on the contributions. If you operate as a LLC or sole proprietor chances are you will have to pay employment taxes.