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Originally posted by Greedy,Greedy,Greedy
We may need to talk. I haven't found those tax-free vehicles yet.
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We may need to talk to the IRS. You can do a defined benefit plan and max out defined contribution plan contributions (like $45k I think; obviously I did not work on communications at the end of last year!!), but for partners in a law firm there's not really the option of nonqualified comp because of the way partnership tax works. So generally the other options are stuff that is sometimes known by the term of art "tax fraud."