Surgent's Reducing a Business Owner Client's Exposure to Social Security and Self-Employment Taxes
Valid for one year from purchase date
Self-study - On-Demand
2 CPE (2 technical)
Course code: 24SS-0363
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If your organization is exempt
from sales tax, call us at 952-831-2707 to complete your purchase.
Add to cart
Many business owner clients wish to minimize their Social Security and self-employment tax liabilities. This course provides tax practitioners with the background to understand what kinds of income constitute self-employment income and earned income. It covers strategies that can be used to reduce clients' exposure to the self-employment tax and Social Security tax.
Major subjects
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Section 1402(a)(1) exclusions from the definition of self-employment income
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Application of the SE tax to members of limited liability companies
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Taking a self-employed owner's health insurance deductions against self-employment tax
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How using the S Corporations and the MMLLC treated as a partnership can help reduce an individual's exposure to self-employment tax
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How hiring a spouse and/or child helps reduce self-employment tax
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Differentiating between income treated as self- employment income and income that is not self-employment income
Learning objectives
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Determine when avoiding earned income/SE income works favorably for the client
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Understand how hiring a spouse and/or child helps reduce self-employment tax
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Differentiate between income treated as self- employment income and income that is not self-employment income
Who should take this program?
- Tax practitioners who advise clients with regard to their self-employment tax liability
Pricing
Standard Member Fee |
$89.00
|
Standard Nonmember Fee |
$89.00
|
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If your organization is exempt
from sales tax, call us at 952-831-2707 to complete your purchase.
Add to cart
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (2.0)
Level
Intermediate
Format
Self-study - On-Demand
Sponsor
NASBA ID#: 103212
Prerequisites
Prereq.
Basic knowledge of individual income tax
Advance
prep
None
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