Course

Reasonable Compensation for S Corps

Member $60. Non-Member $100

2 CPE/CE Hours

Virtual

Upcoming Sessions

Available on-demand Click here to attend

Course Description:

Between 2010 and 2013 a flurry of court cases and IRS enforcement brought the issue of ‘What is Reasonable Compensation for a Shareholder-employee of an S Corp out of the shadows and placed it forefront as a priority issue for CPA’s, Tax and Financial advisors to cover with their clients. There are tools today that take the guesswork out of determining Reasonable Compensation and help build rapport and trust with your clients.

Who Should Attend:

CPA & EA practitioners who advise Shareholder-Employees of S Corps on the issue of Reasonable Compensation who are interested in learning about current IRS guidelines, and solutions for advising their clients on the issue of Reasonable Compensation.

Learning Objectives:

  • Demonstrate the basic advantages of Distributions V. Salary/Wages
  • Assess the consequences of an IRS re-characterization of distributions
  • Review Reasonable Compensation in the courts
  • Discuss the IRS guidelines for determining Reasonable Compensation
  • Determine when Reasonable Compensation applies to your client
  • Explain advanced scenarios
  • Review Tips from the pros and IRS Red Flags
  • Review why Reasonable Compensation has become a priority for the SB/SE division of the IRS
  • Identify options for determining Reasonable Compensation
About the Instructor

Paul Hamann

Paul Hamann is an expert on determining Reasonable Compensation for closely-held business owners. He has educated more than 30,000 tax advisors and valuators on the topic of Reasonable Compensation and has been published in numerous state CPA society journals.

Paul, along with other experts in their own fields founded RCReports in 2010. RCReports cloud software determines reasonable compensation for Closely-Held Business Owners and is 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.

When Paul isn’t in the office he enjoys spending time with his wife and two chocolate labs, hiking Colorado’s back country or paddling its scenic lakes and rivers.

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