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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.
1099 or W-2 for Shareholder-Employees of S Corps? Updated for 199A (25,993 Hits)Feb 01, 2019
What if an S Corp Owner can’t afford to pay Reasonable Compensation? (13,386 Hits)Oct 01, 2019
How to Stress Test a Reasonable Compensation Figure (7,684 Hits)Jan 01, 2019
IRS lays out steps to keep Reasonable Comp challenges out of Tax Court (5,623 Hits)May 01, 2019
Did the IRS Really Lose? Lessons from the Davis Case (5,336 Hits)Aug 01, 2019
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.
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What The Experts Say
in minutes not days
and your clients
The Cost Approach breaks the duties of the business owner into its components such as company administration, accounting, finance...
Compares the business owner's compensation to compensation within the same industry. The market approach focuses as much as possible...
Seeks to determine whether a hypothetical investor would be satisfied with their return on investment when looking at the financial...
By Paul S. Hamann & Jack Salewski, CPA, CGMA Over the last decade the IRS has steadily and methodically tackled the compliance hassle that is reasonable compensation. According to an exhaustive 2009 GAO Report, S Corps were under-reporting shareholder compensation by more than $23 billion (for tax years 2003-2004) (Ruh-Roh Reorge!) A few years later
By Paul S. Hamann & Jack Salewski, CPA, CGMA “The only reason for time is so that everything doesn’t happen at once.” Albert Einstein Use time to your advantage! Here’s how one RCReports subscriber brought every S Corp he worked with into Reasonable Compensation compliance in three easy steps. (Full disclosure: The steps below assume
By Paul S. Hamann & Jack Salewski, CPA, CGMA Although there are general guidelines to help you pick the best approach to determine reasonable compensation, there are no hard and fast rules. For the overwhelming majority of your clients, one of two common approaches that rely on comparability data should do the trick. For the
By Paul S. Hamann & Jack Salewski, CPA, CGMA The most common question we receive is if an S Corp owner can pay themselves via 1099 or must it be W-2. (Find the answer HERE) But what is the correct treatment of Director’s Fees? Is it a W-2 or a 1099? Let’s take an in-depth