Home > Insights > Blogs > Business Succession Solutions

Business Succession Solutions

Business Succession Solutions

(By accessing, browsing or using the pages below, you agree to the Blog Conditions of Use/Disclaimer available under "Links.")

Posts

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

Steve Gorin July 11, 2017
Dollar

Taxpayers have won and lost cases seeking to avoid self-employment tax on their income as members of limited liability companies. The IRS has had victories (a) disregarding an attempt to shift self-employment income into an S corporation, and (b) making taxpayers pay tax and then sue for a refund when contesting IRS claims that S corporation distributions were really compensation. To tie together 2017 developments, 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