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.
Tax Planning for S Corp. Audit Triggers. Compliance Regulations. Social Security Benefits.
CPAs, financial professionals, enrolled agents and attorneys.
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.
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.
Jane Ryder, Western CPE
Jane Ryder, EA, CPA is the owner of Brass Tax Ryder Professional Group, Inc., a full service tax and accounting firm. Brass Tax (not affiliated with Brass Tax Presentations) has been providing tax and accounting services since 1980.
Jane received a BS in Business Administration (Accounting) from SDSU and is currently licensed with the California State Board of Accountancy and with the Internal Revenue Service as an Enrolled Agent.
Brass Tax is a business centric practice, preparing and consulting on the preparation of Corporations, S-corporations, LLC’s, Partnerships, and Trusts. She also specializes in IRS and state agencies collection problems, payment plans, audit appeals, offers in compromise, and other compliance related issues.
Non-Member Price $113.00
Member Price $98.00