BobKamman
Level 15
08-25-2022
07:44 PM
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For a 1065 preparer, I see this as an MYOB situation. The issue of whether the partner activity rises to the level requiring payment of self-employment tax depends on all the facts and circumstances. Let the partner deal with it. Or at least first check with your malpractice insurer, if someone files a claim because they don't like the idea of sending IRS $20,000 based on your "audit."