Reducing a Bus. Owner Client's Exposure to SS & Self Emp Tax Web [REXE]

Dec 7, 2023
Time: 08:30am-10:15am



Credit Hours:



Member: $110.00
Non-member: $150.00

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Discussion Leader:

Dennis P. Riley    more info

Dennis Riley has more than 35 years of experience in accounting, consulting, tax preparation, and government representation. He specializes in the tax and business needs of individuals, families, and entrepreneurial small businesses. He is a frequent lecturer on topics related to taxation and closely held businesses. He has received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. Riley's experience includes a range of services including negotiations with federal and state government tax authorities, offers in compromise, closing agreements, strategic business plans, litigation support, record reconstruction, business formation and dissolution, problem solving, and tax preparation. He has resolved multiple-year filing issues, organization issues, and business transition problems.

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Website registration for this course closes on December 6, 2023. To register after this date please contact the society at or 907-562-4334.

Full Description

Reducing a Business Owner Clients Exposure to Social Security and Self-Employment Taxes Webcast (REXE)

December 7th, 2023 / 8:30 am 10:15 am

Live Webcast / Zoom

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.

Major Topics:
- 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

Learning 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

Designed For: Tax practitioners who advise clients with regard to their self-employment tax liability

CPE Credits: 2, Taxation

Level of Knowledge: Intermediate

Prerequisite: Basic knowledge of individual income tax

Acronym: REXE

Discussion Leader: Dennis P. Riley