Upon Further Review-Self-Employment Tax Issues

Published: March 22, 2008, 11:28 p.m.

b'The self-employment tax is our topic for this week, specifically dealing with two topics.\\xa0 We revisit an issue last visited in the early days of the podcast (back in June 2005) of the treatment of LLC members for self-employment tax purposes.\\xa0 We look specifically at the case authorities we have (which are scant, and not terribly promising for LLC members), the IRS\'s proposed regulations that were controversial when issued, and what options exist for dealing with the issue today.

As well, we revisit an issue raised in a February podcast, as the IRS unofficially "clarifies" their position on the self-employment tax treatment of Qualified Joint Ventures that is presented in the Form 1065 instructions and were discussed in the Tax Talk Today webcast and podcast from back in January.

The materials can be downloaded at http://www.edzollars.com/2008-03-24_Self_Employment.pdf.

The podcast is sponsored by Leimberg Information Systems, located at http://www.leimbergservices.com .
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