S-Corp Shareholder Reasonable Compensation FLEXCAST

Overview

This session discusses many considerations regarding tax compliance for S-Corp shareholders’ reasonable compensation. With examples and details to understand the critical components of the reasonable compensation requirements; services provided by the shareholder in relation to services performed by other employees, profit of the S-Corp, other earned income of the shareholder, distributions paid to the shareholder and other considerations.

Highlights

Tax Planning for S Corp. Audit Triggers. Compliance Regulations. Social Security Benefits.

Prerequisites

None.

Designed For

CPAs, financial professionals, enrolled agents and attorneys.

Objectives

Confidently advise clients regarding their S corp reasonable comp compliance and tax savings opportunities. Develop comprehensive plans and processes for determining each S Corp shareholder’s reasonable comp. Identify key components of the S corp business model and the shareholder’s services to the S corp which may impact reasonable comp compliance. Learn strategies to support lower salaries and how to evaluate the audit exposure risk for clients. Understand other issues the IRS considers in a reasonable comp audit; determining reasonable salary from nationwide data, return on capital invested, and distributions recorded as loans.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.