TCJA: Maximizing the 20% Passthrough Deduction for LLCs and SE - Video CourseCode: 20-SEVID

Price: $29.95
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Course Details

2 Hr Video Self-Study

Description: 

    A broad overview of self-employment tax application to LLC members, including up-to-the-minute changes. We'll also cover how the Tax Cuts and Jobs Act affects decision-making in grey areas, and when LLC's provide a better tax result for owners. We'll cover how LLC's can be used to increase the qualifying business income deduction (20% passthrough deduction). And we'll cover how LLC's should consider changing the guaranteed payment structure to increase the new 20% passthrough deduction. We'll also cover the benefits of paying SE tax (an often-overlooked element of planning).

    Topics Covered

·         Which LLC members are subject to self-employment tax.
·         How does self-employment tax apply to spouses of LLC members.
·         The IRS's new audit campaign for self-employment tax of LLC members.
·         How to minimize self-employment tax for LLC members.
·         Which members benefit from paying self-employment tax.
·         How to adjust guaranteed payments to maximize the 20% passthrough deduction.

    Learning Objectives

·         Learn when self-employment tax doesn't apply to LLC members.
·         Apply self-employment principles to LLC members.
·         Maximize LLC's 20% passthrough deduction.
·         Adjust guaranteed payments to maximize the 20% passthrough deduction. 

Presentation Method: QAS Self-Study

Category: Taxes

CPE credit: 2 Hours

Program Level: Update

Prerequisites: None

Advance Preparation: None

Exam expiration date: Participants must submit exams for grading within one year from the date of purchase

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American CPE, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

 

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