Leasing Arrangements and Self-Employment (Social Security) Tax
Roger A McEowen ( August, 2014 )
Summary
Self-employment tax is imposed on net earnings derived from self-employment. However, rents from real estate and from personal property leased with real estate are excluded from the definition of net earnings from self-employment. An exception to this rule exists if the lessor leases land to an entity in which the lessor is materially participating. This publication addresses court cases and tests for material participation.
Details
| Publisher | Iowa State University |
| Publication Date | August, 2014 |
| Publication Views | 1201 |
| Material Type | Written Material |