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

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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