Self Employment Tax Planning with LLCs and S Corporations FLEXCAST

Overview

In this class, we will look at the hot topic of self-employment tax planning with S Corp and partnerships. The class will start with the basics of FICA and Self-Employment and then dive into Self-Employment Tax on S corporations shareholders and LLC members. It will address what planning traps to avoid along with unique planning opportunities. The class will close out on some possible upcoming legislative changes.

Highlights

FICA and SET Basics. Net Investment Income Tax. Reasonable Compensation.

Prerequisites

None.

Designed For

CPAs and other tax professionals.

Objectives

A Background on FICA, SET and NIIT. Self-Employment Tax on S Corporation Shareholders. Self-Employment Tax on LLC Members. Planning Traps and Opportunities. Possible Legislative Changes.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.