Best Answer Click here
This discussion has been locked. No new contributions can be made. You may start a new discussion here
No, I would not consider either of those to be SSTB.
No, I would not consider either of those to be SSTB.
If you are referring to the 'reputation or skills' test, that is extremely limited.
(xiv) Meaning of trade or business where the principal asset of such trade or business is the reputation or skill of one or more employees or owners . For purposes of section 199A(d)(2) and paragraph (b)(1)(xiii) of this section only, the term any trade or business where the principal asset of such trade or business is the reputation or skill of one or more of its employees or ownersmeans any trade or business that consists of any of the following (or any combination thereof):
(A) A trade or business in which a person receives fees, compensation, or other income for endorsing products or services,
(B) A trade or business in which a person licenses or receives fees, compensation, or other income for the use of an individual’s image, likeness, name, signature, voice, trademark, or any other symbols associated with the individual’s identity,
(C) Receiving fees, compensation, or other income for appearing at an event or on radio, television, or another media format.
https://www.irs.gov/pub/irs-drop/td-reg-107892-18.pdf#page=227You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.