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

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 in a perfect world. The information…

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Fundamental Tax Truths For C Corporations

Fundamental tax truths for C corporations

  • March 7, 2019
  • Tax

The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners. But some fundamental tax truths for C corporations largely remain the same:…

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Tax Season Opens The Door To Cyber Scammers

Tax Season Opens the Door to Cyber Scammers

Cybercriminals are ready to pounce on unsuspecting taxpayers with more creative scams and digital traps. With the frenzy of online tax filings and personal information flooding the internet, digital crooks are eager to get their own version of big illegal…

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