Self Employed Dancer Deduction Continuing Education
Available in:
OnDemand Course
Self Employment Tax Benefits and Deduction Strategies
Learn about proven strategies to reduce self-employment taxes and comply with the strict guidelines of the IRS.
Many self-employed individuals struggle with paying the self-employment tax in addition to the income tax. They do not understand which items of their business income they must include in their self-employment income and which items they may exclude from their self-employment income. They are not aware of strategies they can implement to reduce their self-employment tax. This topic will help self-employed individuals and their tax advisors to understand who is subject to the self-employment tax and how to calculate it. It will explain the items of income included in self-employment income and the items of business income excluded from business income. Strategies for reducing the self-employment tax will be explained in detail. The effect of depreciation and gain or loss on the sale of a depreciable asset on self-employment will be explained in detail. While the Tax Cuts and Jobs Act repealed the deduction for tax preparation fees for many individuals, this content will explain how self-employed individuals may still deduct much of their tax preparation fees to save income tax and self-employment tax. This topic will also explain how tax preparers should allocate the tax preparation fees to various schedules on tax returns of self-employed individuals.
89 minutes
Certificate of Completion
Faculty
Alan D. Campbell
Add to Wishlist
More Program Information
Why Lorman?
Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Self-Employment Income
- Self-Employed Business Owners, Independent Contractors, and Farmers
- Partners
- LLC Members
- Ministers
- Community Property Law
Inclusions in and Exclusions From Self-Employment Income
- Ceiling and Floor
- Gains and Losses on the Sale of Fixed Assets
- Occasional Income
- Rental Income
- Notaries Public
How to Calculate the Self-Employment Tax
- Unadjusted Net Earnings From Self-Employment
- Adjusted Net Earnings From Self-Employment
- Ceiling on Social Security Tax Part of Self-Employment Income
- Effect of Salary and Wages
- Floor on Self-Employment Income
How to Reduce the Self-Employment Tax
- Plan Around the Ceiling and Floor
- Maximize Depreciation and the Section 179 Deduction
- Deduct Tax Preparation Fees Related to the Business
- Hire Your Children
- Incorporate
Add to Wishlist
More Program Information
Why Lorman?
Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on May 21, 2019.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Add to Wishlist
More Program Information
Why Lorman?
Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Alan D. Campbell
- Has served on the faculties of several universities and as a self-employed consultant
- Practice emphasizes all aspects of tax research and tax planning for tax professionals and businesses
- Conducts regular seminars and workshops on tax topics for individuals and businesses
- Author of several publications related to the areas of tax planning in numerous journals, including The Tax Adviser, Practical Tax Strategies, and the Journal of Accountancy; Four of his articles relate directly to the self-employment tax
- Co-author of the book Tax Strategies for the Self-Employed published by CCH Incorporated
- American Institute of Certified Public Accountants and Institute of Management Accountants
- B.S. degree in accounting, Arkansas State University; M.B.A. degree in business administration, Arkansas State University; Ph.D. degree in accounting, University of North Texas
- Can be contacted at 936-553-4364 or [email protected]
Add to Wishlist
More Program Information
Why Lorman?
Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
Sign Up Today
With This Course
Access to all training products for one year
$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.
Product ID: 405477
Published 2019
bergermakfating73.blogspot.com
Source: https://www.lorman.com/training/tax/self-employment-tax-benefits-and-deduction-strategies
0 Response to "Self Employed Dancer Deduction Continuing Education"
Post a Comment