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Business Succession Solutions

Business Succession Solutions

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Developments in FICA and self-employment tax affect partners and S corporations

Steve Gorin July 11, 2017
Dollar

Taxpayers often use S corporations to save FICA and self-employment tax. READ MORE

Tax court finds self-employment tax for active LLC member

Steve Gorin May 25, 2017
tax forms

A recent Tax Court opinion, Castigliola v. Commissioner, held that an active LLC member was liable for SE tax. This article describes that case, compares and contrasts that case to the Hardy case, and provides planning suggestions. READ MORE

Using an S corporation to avoid self-employment tax

Steve Gorin April 25, 2017
illustration of a hand stopping a punch

Here we examine why the U.S. Tax Court rejected a financial consultant’s efforts to shift income to an S corporation to save self-employment tax, and how another approach may have been more successful in avoiding SE tax. READ MORE

Tax court finds no self-employment tax for passive LLC member

Steve Gorin March 28, 2017
Tax

Self-employment (SE) tax is one of the driving forces when a tax advisor recommends what type of entity to use for one’s business. READ MORE