Webcast
Update
CPE Credits
2 Credits: Taxes
Course Description
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.
Learning Objectives
Upon successful completion of this course, participants will be able to 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.
Course Specifics
|
Course ID WC1821265308 |
Revision Date November 24, 2021 |
Prerequisites None |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-02119-22-O
IRS Federal Tax Update Credits: 2
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-02119-22-O
IRS Federal Tax Update Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1700
CTEC Federal Tax Update Credits: 2
CTEC Course Number: 2071-CE-1700
CTEC Federal Tax Update Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
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 …
S-Corp Shareholder Reasonable Compensation
$98.00
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET and Sunday 12pm - 4pm ET.
Webcast
Update
CPE Credits
2 Credits: Taxes
Course Description
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.
Learning Objectives
Upon successful completion of this course, participants will be able to 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.
Course Specifics
|
Course ID WC1821265308 |
Revision Date November 24, 2021 |
Prerequisites None |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-02119-22-O
IRS Federal Tax Update Credits: 2
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-02119-22-O
IRS Federal Tax Update Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1700
CTEC Federal Tax Update Credits: 2
CTEC Course Number: 2071-CE-1700
CTEC Federal Tax Update Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
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 …
S-Corp Shareholder Reasonable Compensation
Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET and Sunday 12pm - 4pm ET.
$98.00