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Start Date:12/27/2022
Start Time:11:00 AM CST
Duration:120 minutes
Abstract:
Between 2010 and 2020 a parade of Court Cases, IRS Factsheets, Job Aids and Internal Memos, plus Heightened IRS scrutiny and Preparer Penalties has brought the issue of ‘Reasonable Compensation for S Corp’s” out of the shadows and placed it forefront as a priority issue for CPA’s, EA’s, Tax and Financial advisors to cover with their clients. We will explore key court cases, IRS guidelines, preparer penalties and some of the obscure tools the IRS has put in place. We debunk common myths and fiction on how reasonable compensation should be calculated and replace it with facts and methodologies that the IRS relies on.
LEARNING OBJECTIVES:
By completing this session, you will be able to:
Recognize the basic advantages of Distributions V. Salary/Wages Assess the consequences of an IRS re-characterization of distributions Identify key Reasonable Compensation court cases Discuss the IRS guidelines for determining Reasonable Compensation Determine when Reasonable Compensation applies to your client Explain advanced scenarios Identify IRS Red Flags Select the appropriate approach for determining Reasonable Compensation WHO SHOULD ATTEND? 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.
Course Level: Basic Course Length: 120 Minutes Prerequisites: NONE Delivery Method: Group-Live Internet Field of Study: Taxes Recommended CPE: 2 Recommended CE: 2
IRS Course Category: Federal Tax Law Topics/Federal Tax Related Matters Online: NESGF-T-00162-22-O In-Person: NESGF-T-00162-22-I
If you're already registered for the Reasonable Compensation for S Corps - December 27, 2022 webcast, click below:
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Speakers
Paul S. Hamann Founder RCReports
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Reasonable Compensation for S Corps - December 27, 2022
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