S-Corp Shareholder Reasonable Compensation ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $351.00
Non-Member Price $404.00
Overview
Navigating the complexities of tax compliance for S-Corp shareholders’ reasonable compensation is a challenging aspect of corporate taxation. This session is designed to address the intricate details and critical components necessary for understanding and complying with these requirements. It delves into various factors such as the services provided by the shareholder, the S-Corp’s profit, other income earned by the shareholder, and distributions paid. Participants will learn to develop comprehensive plans and processes for determining each S-Corp shareholder’s reasonable compensation, ensuring compliance with IRS standards. The course also offers strategies to support lower salaries and evaluate audit exposure risks, providing a clear understanding of the IRS’s considerations in a reasonable compensation audit, including nationwide salary data, return on capital invested, and distributions recorded as loans. This session is crucial for professionals seeking to enhance their expertise in S-Corp taxation and safeguard their clients from potential compliance issues.
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
None.
Leader(s):
Leader Bios
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 $404.00
Member Price $351.00