This session will help participants identify which LLC members are subject to self-employment tax. A comprehensive review of self-employment tax in the context of LLCs will also be covered. Additionally, a discussion about planning opportunities in connection with paying SE tax is addressed.
Course Publication Date:
October 17, 2019
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or
webinar membership or can be purchased for
$20.00!
| Author: | Greg White |
| Course No: | TAX-SETAXLLC-14019 |
| Recommended CPE: | 2.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Basic |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Taxes
Webinars - On Demand
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Learning Objectives
- Identify which rental real estate qualifies for an exemption from self-employment tax.
- Recognize the relationship between paying additional self-employment tax and receiving greater social security benefits.
- Identify situations where an LLC member will be treated as a “limited partner” for self-employment tax purposes.
- Recognize which income an LLC member receives on K-1 is subject to self-employment tax.
- Identify the key Tax Court case that established the “investor” test that allows some LLC members to be treated as limited partners for self-employment tax purposes.
- Identify the key Tax Court case that provided some LLC members will be treated as general partners for self-employment tax purposes.