Tax Strategies for Partnerships Part 4: Maximizing the QBID and Minimizing Self-Employment Taxes (Currently Unavailable)

Author: Greg White

Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2025 to receive credits

Join expert Greg White, CPA, as he takes a deep dive into the special tax considerations for maximizing the section 199A QBID for partnerships and self-employment taxes for LLC members. Greg will also cover application of the at-risk rules to LLCs. Participants will learn specific strategies to save clients money.

Publication Date: May 2022

Topics Covered

• Section 199A — special considerations for partnerships
• Controlling self-employment taxes for LLC members
• Liabilities: Basis and At-Risk
• Self-Employment Taxes
• General Partners
• Limited Partners
• LLCs — Neither
• Piggybacks
• SE Tax for LLCs and Case Law
• SE Tax for LLC Members

Learning Objectives

• Recognize how to maximize the section 199A deduction for clients in the context of partnerships
• Identify situations where an LLC is more suitable for your clients than an S corporation
• Recognize how to structure LLC agreements to minimize self-employment taxes
• Identify the number of hurdles you need to clear in order to claim partnership losses
• Describe what portion of liabilities allocated on K-1 provide tax basis
• Recognize how many ways there are to avoid SE tax under the proposed regulations provided

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None