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- Title
Multiple-Entity Planning to Reduce Self-Employment Taxes: Recent Cases Demonstrate the Pitfalls and How to Avoid Them.
- Authors
Todd, Timothy M.
- Abstract
The article examines multiple-entity planning coupled with S corporations in the U.S. to minimize self-employment tax liability and uses the D.E. Watson and T.L. Robucci cases to illustrate the dangers and how to avoid them. It provides a brief background on self-employment tax, talks about the importance of setting a reasonable salary and well-documented procedures, and respecting entity separateness. It warns that multiple-entity planning can be effective but can also be a tax disaster if those entities are disregarded.
- Subjects
UNITED States; TAXATION of freelance work; TAX planning; TAXATION; INCOME tax
- Publication
Journal of Tax Practice & Procedure, 2011, Vol 13, Issue 2, p31
- ISSN
1529-9279
- Publication type
Article