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Monday, November 2, 2020 Webcast

Reducing Your Business Owner Clients' Exposure to Social Security and Self-Employment Taxes (X1-REXE-2020-01-WEBNR-307-01)

1:00 PM - 3:00 PM EST
webcast

Webcast

2.0 CPE Credits in TX

OVERVIEW

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 and strategies that can be used to reduce their clients' exposure to the Self-Employment tax.

DESIGNED FOR

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

BENEFITS

  • Identify what kinds of income are and are not subject to Social Security and self-employment tax
  • Understand how the  self-employment tax applies to  general partners, limited partners, and LLC members
  • Determine how using a pass-through entity can reduce or eliminate employment tax for the principals and family members
  • Understand how the 0.9% tax and the 3.8% tax apply to self-employment income and earned income

HIGHLIGHTS

  • 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 taken 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 children helps reduce self-employment tax
  • Differentiating between income treated as self-employment income and income that is not self-employment income

COURSE LEVEL

Intermediate

PREREQUISITES

Basic knowledge of individual income tax.

ADVANCE PREPARATION

None

INSTRUCTOR

Michael Tucker

Michael J. Tucker, CPA, Ph.D., J.D., LL.M.

Ph.D., JD, CPA

Professional Education Network

Michael J. Tucker is an employee of Surgent McCoy CPE, LLC and a consultant for the accounting firm of T.M. Byxbee Co. in Hamden, CT. He is the author of many professional articles and a veteran TV and live-seminar presenter. In addition, he heads up Surgent McCoy's webinar efforts, where he writes and hosts many of the webinars Surgent McCoy sponsors and presents. Mr. Tucker was a professor at Quinnipiac University in Hamden, CT and worked with KPMG Peat Marwick and Deloitte & Touche. Mr. Tucker received his J.D. from New York University, his LL.M. from Georgetown University Law Center, and his Ph.D. from the University of Houston.

PRICING

$79.00 - Member

$89.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

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ALSO AVAILABLE

COURSE DEVELOPER

Surgent