When is LLC income SE earnings?

The Tax AdviserVol. 35 Nbr. 4, April 2004

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Limited liability company, self employment

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When is LLC income SE earnings?

The treatment of limited liability company (LLC) income for self employment (SE) tax purposes is not new, but continues to generate controversy. The LLC has become the entity of choice for many businesses; LLCs are generally treated as partnerships for Federal income tax purposes, unless an election is made to be treated as an ...

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