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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 (17,707 Hits)Feb 01, 2019
What if an S Corp Owner can’t afford to pay Reasonable Compensation? (8,140 Hits)Oct 01, 2019
How to Stress Test a Reasonable Compensation Figure (6,749 Hits)Jan 01, 2019
IRS lays out steps to keep Reasonable Comp challenges out of Tax Court (5,192 Hits)May 01, 2019
Did the IRS Really Lose? Lessons from the Davis Case (5,118 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 Jack Salewski, CPA, CGMA & Michael E. Breslin CPA, MST, JD What does an IRS reasonable compensation challenge look like from A-Z? Following is an analysis of a recent reasonable compensation challenge for a real estate agent in the Northeast handled by tax attorney Mike Breslin: An S Corp owner has a fantastic year.
By Beanna J. Whitlock, EA CSA Executive Director ncpeFellowship, an internet organization for tax professionals who are serious about the business of tax – https://ncpefellowship.com/ What a relief it was to hear these magic words: “My S Corp pays me as an employee based on the services I provide to the company.” Whew! Why? Because
By Jack Salewski, CPA, CGMA & Paul S. Hamann “If there is only one shareholder and no other employees, should all distributions be taken out as Reasonable Compensation?” This is a common question we receive at RCReports and like with most of the questions we receive, the answer is: “Maybe.”
There are times when every small business owner’s ego can be an asset, although when it comes to Reasonable Compensation and S Corps, having a big ego could cost your client thousands of additional dollars in payroll taxes and QBI deductions. Let’s look at an example: Meet Joan and her over-inflated alter ego Joanna. When Joanna completes a Reasonable Compensation