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Wednesday, July 24  |  1:15 p.m. - 2:05 p.m.  |  Concurrent Session

Reasonable Compensation for S Corporations

1 CPE for AFSP, EA, CPA, CRTP

Recent IRS enforcement has brought the issue of reasonable compensation for S-corps out of the shadows and placed it forefront as a priority issue for tax professionals and clients. Attend this session for a discussion about what is reasonable and how to avoid IRS penalties.  

Objectives
Upon completion of this session, you will be able to:

  • Explain the IRS position on reasonable compensation and how it should be calculated 

  • Understand what the courts have ruled in terms of setting reasonable compensation for S-corp owners  

  • Describe recent cases and potential preparer penalties for filing S-corp returns without reasonable compensation taken 

CPE information
Duration: 50 minutes
Course level: Intermediate
Prerequisite: Basic understanding of S corporations
Advanced preparation: None
Delivery method: Group Live

Paul Hamann

Owner of RCReports

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