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Self-Employment Tax, LLCs, & The “Limited Partner” Exclusion

By Farrell Fritz P.C. on June 12, 2017
Posted in Federal Tax Issues

Introduction

In general, self-employed individuals are subject to employment taxes on their net earnings.

The wages paid to individuals who are non-owner-employees of a business are also subject to employment taxes, regardless of how the business is organized.

The shareholders of a corporation are not subject to employment taxes in respect of any return on…

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