#1 Reasonable Compensation Analysis Solution. Start Now
Used by CPA’s, EA’s, Tax Advisors, Valuators, Forensic Accountants and Attorneys when they need to determine a Reasonable Compensation figure for a client. Whether for Tax Compliance, Normalization or Planning, RCReports has a report to fit your need.
W-2 or 1099 for Shareholder-Employees of S Corps? (34,617 Hits)Jan 01, 2022
What if an S Corp Owner can’t afford to pay Reasonable Compensation? (25,018 Hits)Feb 01, 2022
How to Stress Test a Reasonable Compensation Figure (10,048 Hits)Mar 01, 2022
IRS lays out steps to keep Reasonable Comp challenges out of Tax Court (7,838 Hits)Apr 01, 2022
Step by Step Guide: How to Calculate Reasonable Compensation (5,806 Hits)Dec 01, 2019
IRS Whisperer’s Podcast
Listen to IRS Whisperer’s most recent podcast – Busting Myths Around Reasonable Compensation with RCR’s Paul Hamann. In this episode, Paul will tell you how to prevent paying a preparer penalty, exactly what reasonable compensation is and why it’s important for every tax professional and business owner to understand.
RCReports provides instant and accurate insights into Reasonable Compensation for closely held businesses to ensure your clients remain compliant, minimize risk and realize maximum payroll tax savings. With in-built industry, legal, IRS criteria and salary data intelligence, tax advisors, valuators and forensic accountants gain access to credible and independent Reasonable Compensation calculations with guaranteed cover in the event of an IRS audit or litigation.
Access reports for planning, compliance or normalization within minutes through an intuitive, cloud-based platform, removing all guesswork and providing full documentation and transparency around your clients’ compensation.
FREQUENTLY ASKED QUESTIONS
Yeppers! You can schedule a demo with a member of our team, join us for our weekly group demo, or watch an archived demo. We’ll show you around the platform and answer any questions you have about RCReports. We don’t offer free trials, however we do offer a 30 day money back guarantee.
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We hate to talk about breaking up before we’re an item – but yes. You can request a full refund anytime in the first 30 days. We’ll want to check in with you and see if we can fix the issue, but if we can’t, we’ll refund 100% of your subscription price and cancel your account.
What The Experts Say
in minutes not days
and your clients
By Paul S. Hamann & Jack Salewski, CPA, CGMA The IRS is deploying technology and big data to combat compensation under-reporting. What does this likely mean for you and your S Corps? That Reasonable Compensation challenges will likely occur outside the traditional exam process. A challenge may come from the ongoing Employment Tax Program or
By Michael Gregory, ASA, CVA, NSA, MBA, Qualified Mediator with the Minnesota Supreme Court Our guest contributor this month is Michael Gregory. Former IRS Territory Manager and key architect of the IRS Job Aid on Reasonable Compensation shares his wisdom on how the Job Aid has stood the test of time. IRS valuers identified reasonable
By Stephen D. Kirkland, CPA, CMC, CFF You know that your clients may be extremely astute when it comes to manufacturing widgets. But managing business operations is a different challenge. The boards and officers of closely held businesses (and nonprofits) often lack the knowledge needed to appropriately set compensation amounts. Yet this is a vitally
By Paul S. Hamann & Jack Salewski, CPA, CGMA This is a true story. Names & identifying details have been changed to protect the innocent. Nancy had a feeling that $40,500 was a good Reasonable Compensation figure for her as owner of Nancy’s Nail Salon. She didn’t have any facts or data to back it