Date/Time
8/14/2026
9:00 AM - 11:00 AM Central
9:00 AM - 11:00 AM Central
Course Registration
Credits
2 Credits
Event Type(s)
Webinars
Event Description
Many business owner clients wish to minimize their Social Security and self-employment tax liabilities. This course provides accounting and finance professionals with the background to understand what kinds of income constitutes self-employment income and income earned. It covers strategies that can be used to reduce clients' exposure to the self-employment tax and Social Security tax.
Objectives:
Presenters:
Mike Tucker, Ph.D., LL.M., J.D., CPA
Edward Renn, Esq.
Field of Study:
Taxes (2)
Major Topics:
Objectives:
- Recognizing when income is subject to Social Security tax
- Determine when avoiding earned income/SE income works favorably for the client
- Understand how hiring a child helps reduce self-employment tax
- Differentiate between income treated as self- employment income and income that is not self-employment income
Presenters:
Mike Tucker, Ph.D., LL.M., J.D., CPA
Edward Renn, Esq.
Field of Study:
Taxes (2)
Major Topics:
- Income subject to Social Security
- FICA and Medicare tax rates
- Income not subject to Social Security/self-employment tax
- Defining wages and a trade or business
- FICA and severance pay
- S corporation shareholder’s reasonable salary
- Student FICA exclusion
- Deduction interest on loans made to lender’s business
- Tax advantages of employing children
- Sections 736(a) and (b)
- Recent case law associated with earned income
- Income from interest on loans made to controlled entities
Location
Webinar
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