This basic level course provides an overview of the self-employment tax (SECA), and is divided into the following topics:

• Topic I: Course Overview;
• Topic II: SECA Overview
• Topic III: Parties Subject to Self-employment Tax;
• Topic IV: Calculating Net Income for SECA Purposes;
• Topic V: Calculating Deductions for SECA Purposes; and
• Topic VI: Filing and Compliance

Course Level: Basic

Course Prerequisites: None

Delivery Method: Self-study

Published: 08/05/2013

After taking this course, you will be able to:

• Understand how the self-employment tax operates and how it relates to Social Security and Medicare taxes;
• Identify who is required to pay self-employment taxes;
• Determine whether a taxpayer’s income is from self-employment sources;
• Calculate the amount of net income and deductions upon which the self-employment tax is based; and
• Report self-employment taxes using Form 1040 and Schedule SE.

CPE

1.5

CLE

N/A