No way.
The limit is $16.5K + 20%*(net income from you Schedule-C - half of your self-employment tax) up to a maximum of $49K.
Check this out: http://www.solo401kcontributionlimits.com/
You may want to find a better accountant.
The limit is $16.5K + 20%*(net income from you Schedule-C - half of your self-employment tax) up to a maximum of $49K.
Check this out: http://www.solo401kcontributionlimits.com/
You may want to find a better accountant.