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Self-Study CPE
EARNED INCOME TAX CREDIT
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HOME OFFICE DEDUCTION
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TAX TREATMENT OF RETIREMENT PLANS, PENSIONS AND ANNUITIES
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TAX TREATMENT OF SICKNESS & INJURY PLANS
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TAX TREATMENT OF INDIVIDUAL RETIREMENT ARRANGEMENTS
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EDUCATION TAX BENEFITS
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AFFORDABLE CARE ACT: INDIVIDUAL RIGHTS & RESPONSIBILITIES
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ESOPS 101: A DETAILED INTRODUCTION OF EMPLOYEE STOCK OWNERSHIP PLANS
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1099 HEADACHES
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INDEPENDENT CONTRACTOR DILEMMA: 1099 VERSUS W-2
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EARNED INCOME TAX CREDIT DUE DILIGENCE
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TAX TREATMENT OF LIFE INSURANCE PROCEEDS
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AFFORDABLE CARE ACT: EMPLOYER RIGHTS & RESPONSIBILITIES
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THE FUTURE OF IRS VOLUNTARY DISCLOSURES IN A POST-OVDP WORLD
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PUERTO RICO ACT 20/ACT 22 – THE UNBELIEVABLE NEW TAX STRATEGY
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INTRODUCTION TO INTUIT PROSERIES: TAX SOFTWARE DEMONSTRATION
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TAX CUTS & JOBS ACT: INDIVIDUAL TAX PREPARATION
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§199A FINAL REGULATIONS FINALLY DROP: CHOICES, CHOICES – WHICH WAY TO GO?
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§199A SMALL BUSINESS DEDUCTION OVERVIEW: STATUTORY FRAMEWORK & PLANNING STRATEGY
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INTRODUCTION TO PROCONNECT TAX ONLINE: LIVE DEMO
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TAX REFORM: OVERVIEW
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TAX REFORM AND PASS THROUGH ENTITIES §199A: PLANNING FOR PROFESSIONAL PRACTICE
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2019 TAX SEASON CHAOS: DISCLOSURE? DON'T FILE AN UNCERTAIN TAX RETURN WITHOUT IT
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QUALIFIED OPPORTUNITY ZONES: BRAND NEW PROPOSED REGULATIONS ROUND 2
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2020 ANNUAL FEDERAL TAX SEASON UPDATE
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I WOULD RATHER PAY LESS PLEASE: HOW TO MAKE EFFECTIVE OFFERS IN COMPROMISE
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NEW YORK STATE'S USE OF THE FALSE CLAIMS ACT AS A TOOL OF TAX ENFORCEMENT
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TAX COMPLIANCE AND ENFORCEMENT UPDATE PART I
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PRESERVING YOUR CHALLENGES UNDER THE ADMINISTRATIVE PROCEDURES ACT
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TAX COMPLIANCE AND ENFORCEMENT UPDATE PART II
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BLURRING THE LINES: WHEN IS TAX ADVICE SUBJECT TO THE ATTORNEY CLIENT PRIVILEGE?
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WHY DO I OWE TAX WHEN IT'S NOT MY MONEY? WITHHOLDING PAYMENTS TO FOREIGN PERSONS
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WHAT'S NEW AT LB&I: KEY DEVELOPMENTS AND INITIATIVES
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UNDERSTANDING THE SCOPE OF PRIVILEGES IN CROSS-BORDER AUDITS AND INVESTIGATIONS
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AREAS OF CONTROVERSY UNDER THE TCJA
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KEYNOTE ADDRESS: OFFICE OF THE TAXPAYER ADVOCATE - 20 YEARS LATER
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WHEN IS THE UPDATED VOLUNTARY DISCLOSURE PRACTICE THE BEST CHOICE?
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LITIGATING FOREIGN ASSET REPORTING TAX PENALTIES: THE CONTROVERSIES CONTINUE
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A PRIMER ON THE EFFECTIVE USE OF EXPERTS IN TAX COURT CASES
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OVERBROAD INFORMATION DOCUMENT REQUESTS AND DEMANDS TO INTERVIEW THE TAXPAYER
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KEYNOTE ADDRESS: STATE OF THE IRS - PRESENTED BY IRS COMMISSIONER CHARLES RETTIG
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MANAGING COMPLEX IRS AUDITS OF MIDSIZE BUSINESS TAXPAYERS - EXPANDED
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IRS FORM 1099 REPORTING: REPORTING REQUIREMENTS
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FOREIGN NATIONAL TAXATION - A DEEPER DIVE
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EXPATRIATE TAXATION - A DEEPER DIVE
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THE SECTION §199A PASS-THROUGH DEDUCTION
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FORM 1041: UNIQUE ASPECTS TO TAX ACCOUNTING FOR TRUSTS AND ESTATES
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TAXATION OF US EXPATRIATES: TAX YEAR 2019
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MISCLASSIFICATION OF WORKERS: THE BATTLE BETWEEN 1099 VS W-2
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INTERNATIONAL TAX: CONCEPTS IN A GLOBAL SOCIETY
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TAXATION OF IRAs AT DEATH
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THE IMPACT OF THE TAX CUTS & JOBS ACT ON LIFE INSURANCE PLANNING
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Rcreports scorp ss

REASONABLE COMPENSATION FOR SHAREHOLDER-EMPLOYEES OF S-CORPS

CPE Processing Fee$20.00
Webinar TranscriptionN/A
Presentation Length Hour(s)2.0 hours
CPE Credits2.0 hours
CE Credits 2.0 hours
Course Id# - HURS9-T-00009-15-O
Subject Area Taxes (Federal Tax)
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateOct 17, 2019
Date OfferedSep 26, 2019
Course Description

Between 2010 and 2013 a flurry of court cases and IRS enforcement brought the issue of "What is Reasonable Compensation for a Shareholder-employee of an S Corp" out of the shadows and placed it forefront as a priority issue for CPA’s, Tax and Financial advisors to cover with their clients.

Learning Objectives

  • Identify guidelines and methods for determining reasonable compensation, and determine when reasonable compensation applies to a shareholder of a S Corp.

Not logged
Handout Materials
Presentation Slides
Additional Materials
Surviving an IRS Reasonable Compensation Challenge
Course Outline
RCReports Overview
Report Sample
News Letter
Review Questions
Review Questions
QUESTION 1: 14:15 minutes
QUESTION 2: 24:40 minutes
QUESTION 3: 45:00 minutes
QUESTION 4: 1:00:20 minutes
QUESTION 5: 1:24:20 minutes
QUESTION 6: 1:43:15 minutes
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Paul is the Founder and President of RCReports, Inc., a company that provides Reasonable Compensation software tools and consulting services to the accounting industry. Paul has been the visionary behind the creation of RCReports.com, the first online application for establishing Reasonable Compensation for Shareholder-Employees of S Corps. For the past 18 years, Paul has been consulting on the issue of compensation as an executive recruiter and consultant to small businesses. Paul has started and led several successful businesses since graduating from the University of Colorado, Boulder - School of Business with a Bachelor’s degree in Small Business & Entrepreneurship.

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Jack is the Vice President of Education for RCReports. He is an expert on the topic of Reasonable Compensation as it applies to S Corp, and Small Closely Held Businesses. Knowing a Reasonable Compensation figure is only half the equation. Putting the Reasonable Compensation figure into context of the Business is where the Trusted Advisor adds his knowledge and wisdom to benefit the client and their business. Jack is also the owner of Jack Salewski, CPA, a firm that is focused on tax planning, strategic operational planning and tax preparation for small and medium sized businesses. The planning side starts with a feasibility analysis and ends with an exit strategy. The exit could be a sale, succession or estate planning. Jack graduated from Regis University (College) in 1979. He immediately joined the staff of Duffy, Gordon and Hughes, CPAs. In 1982, he became part of Duffy, Griffin and Co, CPAs. In April of 1984 Jack bought out Norm Griffin and the firm became Jack Salewski, CPA. During the last 35 plus years Jack has been part of countless businesses going through part or all of the business life cycle.

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NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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About Our Presenter

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RCReports is a tool for Tax and Financial advisors to determine Reasonable Compensation for a client. RCReports provides a defensible position to an IRS challenge (for S-Corps), and is an excellent planning and valuation tool. RCReports synthesizes a proprietary blend of IRS criteria, Court Rulings, geographic data and our EXCLUSIVE database of wages to accurately assess Reasonable Compensation for S Corp, Small & Closely Held Business Owners.