- NY Credits : 1.0
- TX Credits : 1.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 1.0
Form 1065 - Self-Employment Tax and State Tax Issues
Most practitioners deal with Form 1065, U.S. Return of Partnership Income, on a regular basis. This program takes a look at self-employment taxes for partners and LLC members and provides an overview of the state treatment of partnerships and limited liability entities.
Upon successful completion of this course, the user should be able to:
determine the amount of self-employment income subject to both Social Security tax and Medicare tax,
recognize the requirements for excluding retirement payments to partners from net earnings from self-employment, and
recognize the general state treatment of partnerships and limited liability entities.