Surgent's Reducing Your Business Owner Clients' Exposure to Social Security and Self-Employment Taxes (REXE)

Course Details

Date

Friday, November 1, 2019

7:00am – 9:00am

Field of Study

Taxation

Course Number

SU0390

CPE Credit

2.0 hours CPE credit

Level of Knowledge

Intermediate

Vendor

Surgent McCoy CPE, LLC

Prerequisites

Basic knowledge of individual income tax

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

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

Objectives

  • 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

Designed For

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

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$89.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$119.00
Your Price $119.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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