Webinar: Reasonable Compensation for S Corps
WC744 | Course | Basic | Scheduled
Description
Between 2010 and 2020 a parade of Court Cases, IRS Factsheets, Job Aids and Internal Memos, plus Heightened IRS scrutiny and Preparer Penalties has br
Credits
| Number of Credits | Type of Credits |
|---|---|
| 2.00 | Taxes |
Designed For
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.
Prerequisites
None
Highlights
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
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
Preparation
None
Notes
Webinar Day - HELP and Assistance Instructions
- The session will open 30 minutes prior to the start time. At that time, you will receive a reminder email bringing you to your Attendee Dashboard and a link to join the webinar.
- We recommend you log in early to ensure you are ready to go when the presentation begins.
- IF YOU ARE HAVING TROUBLE LOGGING INTO THE WEBINAR, please call the CPA Crossings Customer Service Team at (877)-370-2220 Ext. #1.
Prices
- Member (Early Bird)
- $89.00
- Non-Member (Early Bird)
- $89.00
- Member
- $89.00
- Non-Member
- $89.00