[RE-wrenches] ITC

[Jason Szumlanski]

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 <solman at 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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