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Partnership Zip Tax Ok Form

Partnership Zip Tax Ok Form

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okay so in this video i wanted to cover um something i get asked a lot about pass-through entities particularly partnerships and whether or not the owners are subject to self-employment taxes right so if you're an owner in an llc or another partnership and it's taxable as a partnership the ordinary trader business income that's generated in the entity is passed through to you personally right because partnerships don't pay tax so the income is passed through to the partners and so those earnings are always subject to federal income taxes but in some cases the income can be subject to not only the federal income tax but the federal self-employment taxes and i think there's a lot of confusion in this space about you know who is actually subject to that additional that additional piece of tax right the self-employment tax um so if we look at just a a partnership return really quickly here so this example to it's a consulting partnership it&a

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