Webcast: Reducing Your Business Owner Clients' Exposure to Social Security/Self-Employ (XSREXE18)
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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.

 Export to Your Calendar 6/5/2018
When: 06/05/2018
9:00 AM until 11:00 AM
Where: Webcast
SURGENT
REXE-2018-01-WEBNR-156-01
Louisiana
United States
Presenter: Mike Tucker, Ph.D., LL.M., J.D., CPA


Online registration is available until: 6/3/2018
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Acronym XSREXE18
CPE 2 hours
Vendor Surgent
Category
Tax
Level Intermediate
Prerequisite Basic knowledge of individual income tax
Adv Prep None
Yellow Book? No
Registration Fees
Members* $89
CPA Non-Members $114

*The member rate applies to LCPA members, other state CPA society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course 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.

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

Major Topics

  • 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

Note: Login instructions will be provided by the webcast vendor (Surgent).