What happens if you receive a K-1 from an LLC and there are self-employment earnings listed on line 14? Are you responsible for reporting those as subject to the self-employment tax? The self-employment tax is an additional payment of 15.3% to account for Medicare and Social Security.
September 16, 2014 | Self-Employment Tax and K-1 Income: What You Need to Know
What happens if you receive a K-1 from an LLC and there are self-employment earnings listed on line 14? Are you responsible for reporting those ...
Learn MoreAugust 29, 2014 | Don’t Make This Mistake With Digital Assets
As virtual currencies like Bitcoins become more popular, even the IRS has recognized the possible value in these assets. As the owner of any kind ...
Learn MoreAugust 28, 2014 | Doctors & Gun Collectors: How to Plan for Special Assets
In many cases, and especially for business owners, there are assets in an estate plan that require special consideration. For example, a company that requires ...
Learn MoreAugust 27, 2014 | Will You Be Impacted by the New Jersey Death Transfer Tax?
When it comes to high-dollar decisions about estate planning, many people wrongfully believe they are not included because the federal tax exemption of $5.34 million ...
Learn MoreAugust 26, 2014 | Especially For Those In N.J. & C.A.: Personal Tax Inversions to Avoid State Income Taxes
Take a look at the articles out there on either side of the issue and you’re likely to find compelling arguments for and against the ...
Learn MoreAugust 25, 2014 | Robin Williams’ Trusts Call for Conversation About Trust Privacy
The loss of Robin Williams last week certainly sent ripples across the country, but it also highlights an important topic for your estate plans: privacy. ...
Learn MoreAugust 22, 2014 | Back To School Tips: Important Documents for Parents of New College Students
There’s no doubt that your mind is already pretty preoccupied with many different lists of supplies, last-minute shopping, and packing with your new college student. ...
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August 6, 2014 | Beneficiaries
While there is a great deal to celebrate getting ready for your wedding, don’t neglect this excellent opportunity to delve into your estate planning as ...
Learn MoreAugust 5, 2014 | Estate planning
As trusts have gotten more popular and evolved in type to appeal to a lot of people, so now you might be under the impression ...
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August 4, 2014 | Asset Protection Planning
Right now, gift and generation skipping transfer tax exemptions, set at $5.34 million each, have caused a resurgence in interest regarding self-settled trust. As of ...
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<p>The post Navigating the Step-Up in Basis: Core Rules, Critical Exceptions, and Strategic Benefits for Families and Business Owners first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
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<p>The post Understanding the K-Shaped Economy: Why Portfolio Diversification Matters More Than Ever first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
