nmms
Level 4
12-07-2019
02:12 AM
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The last definition of Specified Service Trade or Business (SSTB) from TheTaxBook Tools for Tax Pros is:
"Any trade or business that consists of the following, or any combination thereof.
• Receiving fees, compensation, or other income for endorsing products or services,
• Licensing or receiving fees, compensation or other income for use of an individual’s image, likeness, name, signature, voice, trademark, or any other symbols associated with the individual’s identity, and
• Receiving fees, compensation, or other income for appearing at an event or on radio, television, or another media format."
My client earns commissions by sharing products and enrolling others in the program as wellness advocates or wholesale customers. Am I correct to conclude this client is receiving compensation for endorsing products and her business is a Specified Service Trade or Business?
"Any trade or business that consists of the following, or any combination thereof.
• Receiving fees, compensation, or other income for endorsing products or services,
• Licensing or receiving fees, compensation or other income for use of an individual’s image, likeness, name, signature, voice, trademark, or any other symbols associated with the individual’s identity, and
• Receiving fees, compensation, or other income for appearing at an event or on radio, television, or another media format."
My client earns commissions by sharing products and enrolling others in the program as wellness advocates or wholesale customers. Am I correct to conclude this client is receiving compensation for endorsing products and her business is a Specified Service Trade or Business?
