When Are LLC Members Subject To Self-employment Tax?

When are LLC members subject to self-employment tax?

  • April 11, 2019
  • Tax

Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in the form of guaranteed payments — aren’t subject to self-employment (SE) tax. But the IRS has been cracking down…

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Extension Is Not A Four Letter Word

Extension is Not a Four Letter Word

  • March 25, 2019
  • Tax

Kevin Kressig, CPA Lawrence, Kansas Accountant Filing for an extension on a tax return often gets a bad rap.  Yes, in a perfect world, everyone’s tax returns would be filed timely and accurately by April 15. But we don’t live…

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