Self employment tax is not income tax. It goes toward social security and medicare. Nobody can take the ITC against these taxes. No big deal...
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employment-Tax-Social-Security-and-Medicare-Taxes Jason Szumlanski Florida Solar Design Group On Fri, Mar 27, 2015 at 11:15 AM, Kristopher Schmid <sol...@legacysolar.com> wrote: > I have been told by a client who was told by his tax advisor that the 30% > tax credit does not apply to self employment tax. Can anyone confirm or > deny this assertion? > > -- > Shine On! > > Kris Schmid > Legacy Solar, LLC > 864 Clam Falls Trail > Frederic, WI 54837 > www.legacysolar.com > 715-653-4295 > NABCEP Certified PV Installer > Licensed Wisconsin Master Electrician > BSEE >
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