Surgent's Reducing a Business Owner Client’s Exposure to Social Security and Self-Employment Taxes
Many business owner clients wish to minimize their Social Security and self-employment tax liabilities. This course provides tax practitioners with...
6/24/2025 9:00am - 11:00am | Online | Surgent
Members: $99.00, Non-members: $149.00
CPE Categories: Taxation (2 CPE)
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. It covers strategies that can be used to reduce clients' exposure to the self-employment tax and Social Security tax.
Target Audience
Tax practitioners who advise clients with regard to their self-employment tax liability
Course Objectives
Determine when avoiding earned income/SE income works favorably for the client
Understand how hiring a spouse and/or child helps reduce self-employment tax
Differentiate between income treated as self- employment income and income that is not self-employment income
Subjects
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 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 child helps reduce self-employment tax
Differentiating between income treated as self- employment income and income that is not self-employment income
