Tax Strategies for Partnerships Part 4: Maximizing the QBID and Minimizing Self-Employment Taxes is brought to you by Wolters Kluwer
Join expert Greg White, CPA, as he takes a deep dive into the special tax considerations for maximizing the section 199A QBID for partnerships and self-employment taxes for LLC members. Greg will also cover application of the at-risk rules to LLCs. Participants will learn specific strategies to save clients money.
Publication Date: May 2022
Topics Covered
- Section 199A — special considerations for partnerships
- Controlling self-employment taxes for LLC members
- Liabilities: Basis and At-Risk
- Self-Employment Taxes
- General Partners
- Limited Partners
- LLCs — Neither
- Piggybacks
- SE Tax for LLCs and Case Law
- SE Tax for LLC Members
Learning Objectives
- Recognize how to maximize the section 199A deduction for clients in the context of partnerships
- Identify situations where an LLC is more suitable for your clients than an S corporation
- Recognize how to structure LLC agreements to minimize self-employment taxes
- Identify the number of hurdles you need to clear in order to claim partnership losses
- Describe what portion of liabilities allocated on K-1 provide tax basis
- Recognize how many ways there are to avoid SE tax under the proposed regulations provided
