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Course Details

Self-Employment Tax Reduction Strategies (Video) (Course Id 986)

Updated / QAS / Registry / EA
Author : Stuart Sobel, Enrolled Agent (EA), Author, Radio Host, Indiana University Faculty
Status : Production
CPE Credits : 2.0
IRS Credits : 2
Price : $29.95
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Taxes - Taxes for Course Id 986

Description :

It is neither immoral nor unethical to look for ways to reduce one’s tax liability. The 15.3% self-employment tax asserted against sole proprietors, farmers, partners, and others is an enormous burden for the typical taxpayer. This unique class provides strategies to reduce self-employment taxes by implementing effective tax planning techniques.

Stu Sobel who has 48 years of tax experience that comes from working within the IRS and in the private sector uses his wisdom to show you ways to reduce taxes and comply with the strict guidelines of the IRS.

Topics covered include:

    • What is self-employment tax?
    • Self-employment tax planning issues for partners
    • Trade or business? – impact of the Groetzinger case
    • Contesting a Form 1099-MISC – line 21 or Schedule C?
    • Disclosing a questionable position – avoiding penalties
    • Deducting spouse’s insurance on a Schedule C
    • Husband and wife joint venture – reducing self-employment tax for one spouse
    • Request for employment tax ruling – eliminating self-employment tax and substituting FICA tax
    • LLC guaranteed payments or one-time payment?
    • Reducing Schedule C income through home office and auto expense allowances
    • Become an expatriate and pay less self-employment tax
    • Create an S corporation and pay reasonable salaries
    • Retirement strategies for the older taxpayer that reduce self-employment tax for a person currently receiving social security
    • Trader, investor, and market-to-market election – Schedule C with no self-employment tax

Usage Rank : 0
Release : 2018
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 02-Apr-2018
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - IRS Enrolled Agents - 986

Keywords : Taxes, SelfEmployment, Tax, Reduction, Strategies, Video, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

Upon successful completion of this course, participants will be able to:
    • Understand self-employment tax requirements
    • Determine whether an activity is a trade or business
    • Develop techniques to reduce self-employment tax liability through effective tax planning
    • Structure businesses that will reduce their clients’ tax liability
Course Contents :

Chapter 1 - Self-Employment Tax Reduction Strategies


Chapter 1 Review Questions


Tax Transcript Glossary

CPE Taxes Course: https://www.cpethink.com/irs-ea-cpe-courses
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