Tax Summit – Reasonable Compensation
Member $60. Non-Member $100
2 IRS/CTEC Hours
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 benefits, such as the §199A deduction.
- Describe how the reasonable compensation requirement applies to S corporation shareholders.
- Describe how the reasonable compensation requirement applies to C corporation shareholders.
- Apply case law principles to determine appropriate reasonable compensation amounts.
- Calculate how reasonable compensation impacts the tax outcomes of both the corporation and the shareholder.
Other Upcoming CoursesExplore all courses
What You Need to Know About Taxes
Reasonable Compensation for S Corps
2 CPE/CE Hours
What to do if Your Client Didn’t Take Reasonable Compensation Last Year?
1 CPE/CE Hour