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22WS-1181: Surgent's Reducing a Business Owner Client's Exposure to Social Security and Self-Employment Taxes (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Thursday, December 8, 2022
Time 6:00pm - 8:00pm
Central Time
Location Online
CPE credits CPE 2.0
Field(s)
of study
Taxes - Technical (2.0)
Specialty
credits
2.0 IRS CE approved
Instructor Michael Tucker, PhD, LLM, JD, CPA
Surgent
Fees
Standard Member Fee $99.00
Standard Nonmember Fee $99.00

Description

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.

Who should take this program?

Tax practitioners who advise clients with regard to their self-employment tax liability

Major subjects

  • Section 1402(a)(1) exclusions from the definition of self-employment income
  • Application of the SE tax to members of limited liability companies
  • Taking a self-employed owner's health insurance deductions against self-employment tax
  • How using the S Corporation and the MMLLC treated as a partnership can help reduce an individual's exposure to self-employment tax
  • How hiring a spouse and/or child helps reduce self-employment tax
  • Differentiating between income treated as self- employment income and income that is not self-employment income

Learning objective(s)

  • Determine when avoiding earned income/SE income works favorably for the client
  • Understand how hiring a spouse and/or child helps reduce self-employment tax
  • Differentiate between income treated as self- employment income and income that is not self-employment income

Notes:

Course code Code 22WS-1181
Sponsor Surgent
NASBA ID#: 103212
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. Basic knowledge of individual income tax
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.