Self-Employment Tax: Today’s World of Sharing, LLCs, and LPs
Date: Monday, April 21, 2025
Instructor: Annette Nellen
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
|
NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Self-employment tax has become a more frequent issue today. Every year we see court decisions involving LLCs and limited partnerships as well as whether certain activities are businesses or hobbies. Short-term rentals, such as via Airbnb, may generate SE tax obligations. This course reviews the rules, recent cases, and issues regarding self-employment taxes and how to avoid problems.
Who Should Attend
Practitioners seeking better understanding of the self-employment rules and common issues that arise and how to avoid them.
Topics Covered
- Basics of the self-employment tax statute and regulations
- Types of taxpayers and activities subject to self-employment tax and the key exceptions
- A review of recent cases on SE tax
- Due diligence considerations and avoiding problems
Learning Objectives
- Identify when an individual is subject to self-employment tax
- Explain recent case law on when a limited partner may be subject to self-employment tax
- Recognize due diligence steps to avoid problems in the SE tax area
- Identify the form to use when calculating the additional Medicare tax an individual may owe
- Identify the Medicare tax percentage(s) applicable to self-employment income
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
