Learn about proven strategies to reduce self-employment taxes and comply with the strict guidelines of the IRS.
Self-employment is a tax that small business owners often do not consider in their tax planning and can significantly increase a tax bill beyond projections. Without planning, this additional tax can have a serious impact on the bottom line. This tax is also an area in which proper planning and business strategy can significantly reduce or even avoid the liability altogether. As the government seeks to increase its tax revenue, compliance in proper reporting of income to recognize self-employment tax-eligible income has become an area of target enforcement for the Internal Revenue Service.
This presentation will highlight what the self-employment tax is, how it differs from traditional Social Security and Medicare taxes (FICA) withheld from employees, and discuss strategies one can use to manage and minimize the self-employment tax specifically. This presentation also examines proposed legislation and its impact on the recognition of this tax, as well as recent judicial decisions impacting the enforcement and application of the current rules.
Agenda
Faculty
Mitchell Franklin, Ph.D., CPA
Le Moyne College
- Associate professor of accounting, Le Moyne College Madden School of Business, Syracuse, New York
- Active teacher and publisher in both individual taxation and small business taxation
- Published over fifty papers and three books, outlets include TaxNotes, Journal of Taxation, Issues in Accounting Education, and Strategic Finance
- Membership information: New York State Society of CPAs, AICPA, and American Accounting Association
- Can be contacted at [email protected]
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- Live Webinars
- OnDemand Webinars
- MP3 Downloads
- Course Manuals
- Audio Recordings*
- Executive Reports
- White Papers and Articles
- Sponsored Live Webinars
Additional benefits include:
- State Specific Credit Tracker
- Members Only Newsletter
- All-Access Pass Course Concierge
* For audio recordings you only pay shipping
Questions? Call 877-296-2169 to speak with a real person.
More Program Information
Access to all training products $699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
