CPA & EA practitioners who advise 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
After attending this presentation you will be able to...
- Identify the basic advantages of Distributions V. Salary/Wages
- Assess the consequences of an IRS re-characterization of distributions
- Review Reasonable Compensation in the courts
- Select the IRS guidelines for determining Reasonable Compensation
- Determine when Reasonable Compensation applies to your client
- Illustrate advanced scenarios
- Examine Tips from the pros and IRS Red Flags
- Study why Reasonable Compensation has become a priority for the SB/SE division of the IRS
- Identify options for determining Reasonable Compensation
Major Topics
The major topics that will be covered in this course include:
- Explain the payroll tax advantage of taking distributions over wages
- Review key court cases that shape todays reasonable compensation landscape
- How to use court factors to stress test reasonable compensation
- Best practices for determining reasonable compensation
- Review of the IRS’s enforcement on reasonable compensation; past, present and future
