A Guide to Reducing Business Owners’ Exposure to Self-Employment and Social Security Taxes

Course Information

Title: A Guide to Reducing Business Owners’ Exposure to Self-Employment and Social Security Taxes
Category: Taxation
Field of Study: Taxes
Course Code: M309
CPE Credits: 2.0
Price: 19.95

Description

Description:

This course gives tax practitioners the tools to understand what kinds of income make up earned income and self-employment income, with practical strategies that can help reduce clients’ exposure to Social Security and self-employment taxes.

Delivery Method: Online Interactive Self Study

Level: Intermediate

Prerequisites: None

Advanced Preparation: None

Course Details

Category: Taxation

Field of Study: Taxes

Passing Score: 70%

Technical Details: Taxation is a technical field of study for all states

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Objectives

Objectives:

  • Distinguish income treated as self-employment income vs. income that is not self-employment income
  • Be able to explain how hiring a spouse and/or child helps reduce self-employment tax
  • Determine when avoiding earned income/SE income works favorably for the client

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: IRS credit for Enrolled Agents

Profession Identifiers: CPA, EA