Course Description: For two decades, the IRS has been preparing an assault on reasonable compensation for S Corps. Their arsenal is now fully locked and loaded with everything from commonsense tools to obscure memos. We will explore key court cases, IRS guidelines, preparer penalties, and some of the obscure weapons the IRS has put in …
Both S corporations and C corporations must generally pay reasonable compensation to shareholder-employees. This course will discuss the reasonable compensation issue for both entity types using case law as a foundation for determining the proper amount. In addition, the class will focus on reasonable compensation as a tax planning strategy, including impacts on other tax …
Are you a new advisor handling an S Corp client, or perhaps a seasoned professional facing this common scenario: “My S Corp client didn’t take reasonable compensation last year. Now what?” Knowing that reasonable compensation isn’t just a tax obligation, but a strategic financial decision, you need to be armed with expert knowledge to help …
What to do if Your Client Didn’t Take Reasonable Compensation Last Year? Read More »
