Making Partner at a Law Firm: What Changes on Your Taxes When W-2 Becomes K-1

A new K-1 changes more than one line on your return. At Fusion CPA, our tax team works with newly promoted partners across different states. We cover projecting the first year’s self-employment tax, setting estimates against the safe harbor, sorting out which states actually need a filing, and reviewing the firm’s PTET matrix  to ensure compliance. 

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