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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  CPE2.0   2 hours for EAs (Federal Tax)   Course Id# - HURS9-T-00009-15-O  Subject AreaTaxes  Course LevelBasic  Instructional MethodQAS Self-Study   PrerequisitesNone  Advance PreparationNone  Recorded DateJan 09, 2018  Date OfferedJan 09, 2018  Who should attend?CPA - small firm
CPA - medium firm
CPA - large firm
Enrolled Agent 
Series: Enrolled Agents, Taxes    
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.

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Handout Materials
Presentation Slides
Additional Materials
Surviving an IRS Reasonable Compensation Challenge
Course Outline
RCReports Overview
Report Sample
Glossary of Terms
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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Rcrvideologo1

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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Rcrvideologo1

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.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

Rcrvideologo1
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.