Self Employment Tax Planning with LLCs and S Corporations

1 Credits: Taxes


Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)

 Secure Transaction

Self Employment Tax Planning with LLCs and S Corporations

Course Level
CPE Credits

1 Credits: Taxes

Course Description

Navigating the complexities of self-employment tax planning for S Corporations and partnerships can be a challenging and often misunderstood aspect for many tax professionals. The ever-evolving landscape of tax regulations, coupled with the nuances of FICA, Self-Employment Tax (SET), and the Net Investment Income Tax (NIIT), presents a maze of intricacies that can easily lead to costly missteps or missed opportunities. Furthermore, tax professionals must stay ahead of potential legislative changes that could significantly impact tax strategies for S Corporation shareholders and LLC members. Without a clear understanding and strategic approach to these issues, there’s a risk of falling into common planning traps or failing to capitalize on beneficial opportunities.

In this class, led by Larry Pon, an expert with extensive credentials in the field, participants will gain invaluable insights into the world of self-employment tax planning. The course begins with a foundational overview of FICA, SET, and NIIT, setting the stage for a deeper exploration into the specific tax implications for S Corporation shareholders and LLC members. Participants will learn to identify and avoid common planning pitfalls while uncovering unique tax planning opportunities. The course also provides foresight into possible upcoming legislative changes, equipping professionals with the knowledge to adapt and strategize effectively. This course is an essential tool for tax professionals seeking to enhance their expertise in self-employment tax planning and to provide the best guidance for their clients in a constantly shifting tax landscape.

Show More
Show Less

Learning Objectives

Upon completion of this course, participants will be able to:

  • A Background on FICA, SET and NIIT;
  • Self-Employment Tax on S Corporation Shareholders;
  • Self-Employment Tax on LLC Members;
  • Planning Traps and Opportunities; and
  • Possible Legislative Changes.
Show More
Show Less

Course Specifics

Course ID
Revision Date
November 16, 2022


Advanced Preparation


Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02274-22-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1853
CTEC Federal Tax Law Credits: 1

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at

Meet The Experts

Larry Pon

Larry Pon is a Certified Public Accountant, Personal Financial Specialist, Certified Financial Planner, Enrolled Agent, United States Tax Court Practitioner, and Accredited Estate Planner in Redwood Shores, CA. Mr. Pon has been in practice since 1986 and enjoys helping his clients reach their financial goals. He frequently speaks on tax and financial planning topics to tax professionals, financial advisors, and the general public nationally. Mr. Pon received his BS in Business Administration with emphases in Accounting and Finance from the University of California, Berkeley and MS in Taxation from Golden Gate University in San Francisco.