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.
FICA and SET Basics. Net Investment Income Tax. Reasonable Compensation.
CPAs and other tax professionals.
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.
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.
Larry Pon, Western CPE
Mr. Pon is a Certified Public Accountant, Personal Financial Specialist, Certified Financial Planner, Enrolled Agent, United States Tax Court Practitioner, and Accredited Estate Planner in Redwood Shores, CA. Mr. Pon has been in practice since 1986 and enjoys helping his clients reach their financial goals. He frequently speaks on tax and financial planning topics to tax professionals, financial advisors, and the general public nationally. Mr. Pon received his BS in Business Administration with emphases in Accounting and Finance from the University of California, Berkeley and MS in Taxation from Golden Gate University in San Francisco.
Non-Member Price $56.00
Member Price $49.00