Welcome to our newsletter. We promise to keep it brief and to the point. If you want to know more, click on the link. We will always interject a bit of humor or a little something out of the ordinary. Thank you for your interest in RCReports – Reasonable Compensation Simplified™
By Paul S. Hamann
In January RCReports was used effectively in an IRS audit appeal. The CPA, armed with knowledge from our webinar, and a Reasonable Compensation Report generated by RCReports, was successful in lowering his client’s Reasonable Compensation figure from $100,000 to $60,000 – saving their client employment taxes, interest and penalties on $40,000!
Tools: Issue Letter on Reasonable Compensation
Need some help explaining Reasonable Compensation to your S-Corp clients? We can help.
Views: Documentation, Documentation, Documentation
The simplest piece of advice you can give your S-Corp clients on the issue of Reasonable Compensation – document How and Why they arrived at their Reasonable Compensation figure. Put the documentation with the businesses records for that year and relax. Follow this simple process year after year and you will build a consistent, defendable Reasonable Compensation policy.