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
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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:
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Explain the IRS position on reasonable compensation and how it should be calculated
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Understand what the courts have ruled in terms of setting reasonable compensation for S-corp owners
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Describe recent cases and potential preparer penalties for filing S-corp returns without reasonable compensation taken
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CPE information
Duration: 50 minutes
Course level: Intermediate
Prerequisite: Basic understanding of S corporations
Advanced preparation: None
Delivery method: Group Live
