Tax Strategies for Partnerships Part 4: Maximizing the QBID and Minimizing Self-Employment Taxes
Author: Greg White
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2026 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
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 2023
Topics Covered
- Section 199A special considerations for partnerships
- Controlling self-employment taxes for LLC members
- Liabilities Basis And At-Risk
- Choosing LLC vs. S Corp — QBID and Reasonable Comp
- Does "Reasonable Comp" Apply to LLCs?
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
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
