Oil & Gas K-1s: Self-Employment Tax Hacks Every Tax Pro Should Know скачать в хорошем качестве

Oil & Gas K-1s: Self-Employment Tax Hacks Every Tax Pro Should Know

Are your clients investing in oil and gas partnerships? Don’t let them overlook the self-employment tax consequences tied to working interests. In this video, we break down one of the most misunderstood aspects of oil and gas taxation: how holding a working interest in a partnership changes the game when it comes to self-employment tax. You’ll learn: What makes a working interest different from a limited partner interest Why certain investors owe self-employment tax—even when it seems they shouldn’t How intangible drilling costs (IDCs) can reduce tax liability What to watch for on Schedule SE and K-1 reporting The common trap of GP-to-LP transitions and why title alone doesn’t matter If you’re preparing returns for clients involved in energy investments or want to avoid costly self-employment tax errors, this video is for you. Want a deeper dive into advanced partnership topics and entity taxation? Sign up for our Entity Essentials class—where we cover oil and gas, S corps, elections, and more. Don’t forget to subscribe, like, and turn on notifications for more real-world tax strategies.