Self Employment Taxes – Did You Know?

Hereโ€™s a question: Does a member of a limited liability company (LLC) or a partner in a partnership have to pay self-employment taxes (Social Security and Medicare tax) on the memberโ€™s or partnerโ€™s share of the entityโ€™s income? Incredibly, the answer is not always clear. If you are a general partner in a general partnership, […]

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