Content Provider
Logo rcreports

Middlebanner rc110922
Self-Study CPE
IRS & FTC PRESENTS: SCAMS, TAX-RELATED IDENTITY THEFT & IDENTITY PROTECTION PIN
View Details/Register
TOOLS AND STRATEGIES TO AVOID ESTATE PLANNING TRAGEDIES
View Details/Register
IRS PRESENTING: ADVOCATING FOR TAXPAYERS WHO RECEIVE COLLECTION NOTICES
View Details/Register
WORKER CLASSIFICATION: EMPLOYEE OR INDEPENDENT CONTRACTOR?
View Details/Register
EXPATRIATION AND THE EXIT TAX: PROS AND CONS OF RENOUNCING CITIZENSHIP
View Details/Register
NAVIGATING TAX REPRESENTATION: FROM POWER OF ATTORNEY TO IRS TRANSCRIPTS
View Details/Register
WORLD OF EMPLOYEE FRINGE BENEFITS
View Details/Register
PROTECTING YOUR BUSINESS AND YOUR FAMILY
View Details/Register
PAYROLL ISSUES INCLUDING A SNEAK PEEK AT W-2s VERSUS 1099
View Details/Register
THE IRS's RENEWED INTEREST IN TAX FRAUD: AN UPDATE FOR TAX PROFESSIONALS
View Details/Register
A PRIMER ON THE IRS's STREAMLINED FILING COMPLIANCE PROCEDURES
View Details/Register
COMMON IRS PENALTIES AND DEFENSES: WHAT YOU NEED TO KNOW NOW
View Details/Register
IRS PRESENTING: NAVIGATING DECEDENTS TAX MATTERS - FORMS AND DEADLINES
View Details/Register
IRS PRESENTING: CIRCULAR 230 - INSIDE THE LINES IN TAX ENGAGEMENT LIFECYCLE
View Details/Register
IRS PRESENTING: QUALIFIED EDUCATIONAL ASSISTANCE PROGRAMS
View Details/Register
2023-2024 FEDERAL TAX UPDATES FOR INDIVIDUALS: CASES & UPDATES
View Details/Register
2023-2024 FEDERAL TAX UPDATES FOR INDIVIDUALS: IRS PROCEDURE & LEGISLATION
View Details/Register
2023-2024 FEDERAL TAX UPDATES FOR BUSINESSES: CASES & UPDATES
View Details/Register
ROADMAP TO 1099 REPORTING
View Details/Register
2023-2024 FEDERAL TAX UPDATES FOR BUSINESSES: IRS PROCEDURE & LEGISLATION
View Details/Register
TAX GAP REDUCTION WITH PROPER 1099 REPORTING
View Details/Register
MASTERING IRS REPRESENTATION: TAX SEASON MISTAKES THAT CREATE IRS ENFORCEMENT
View Details/Register
1099 MISCLASSIFICATION ISSUES FOR INDEPENDENT CONTRACTORS AND GIG WORKERS
View Details/Register
ESOP OVERVIEW FOR OWNERS, CFOs & CPAs
View Details/Register
2024 FILING SEASON CHANGES FOR 1099 REPORTING
View Details/Register
UNDERSTANDING PARTNERSHIP TAXATION: DISTRIBUTIONS
View Details/Register
THE CHOICE BETWEEN IRS FORM 1040 SCHEDULES C AND E
View Details/Register
IRS PRESENTING: TAX RELIEF IN DISASTER AREAS FROM AN INDIVIDUAL TAX PERSPECTIVE
View Details/Register
1099 PLANNING FOR THE 2024 FILING SEASON
View Details/Register
2024 ANNUAL TAX SEASON UPDATE
View Details/Register
FEDERAL INCOME TAX CHANGES: 2024
View Details/Register
NAVIGATING AN IRS TAX AUDIT
View Details/Register
VIRTUAL CURRENCY TRANSACTIONS AND FORM 1040
View Details/Register
AFFORDABLE CARE ACT: EMPLOYER RIGHTS & RESPONSIBILITIES
View Details/Register
AFFORDABLE CARE ACT: INDIVIDUAL RIGHTS & RESPONSIBILITIES
View Details/Register
EARNED INCOME TAX CREDIT DUE DILIGENCE
View Details/Register
SCHEDULES K-2 AND K-3: UNDERSTANDING NEW REQUIREMENTS
View Details/Register
IRS PRESENTING: NAVIGATING THE RESTART OF AUTOMATED COLLECTION NOTICES
View Details/Register
IRS PRESENTING: EMPLOYEE RETENTION CREDIT VOLUNTARY DISCLOSURE PROGRAM
View Details/Register
READING AND REVIEWING IRS TRANSCRIPTS LIKE A PRO
View Details/Register
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 Credits 2.0 hours
Subject Area 2.0 - Taxes (Federal Tax)
CE Credits 2.0 hours
Course Id# - HURS9-T-00009-15-S
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateJanuary 8, 2019
Date OfferedJanuary 8, 2019
Expiration DateJanuary 8, 2020
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.

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

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.

Loading ...

Loading ...
Linkedin
Logo rcreports

Paul Hamann is an expert on determining Reasonable Compensation for closely-held business owners.  He has educated more than 100,000 tax advisors and valuators on the topic of Reasonable Compensation and has been published in numerous national and state journals.


Paul founded RCReports in 2010.  RCReports cloud software determines reasonable compensation for Closely-Held Business Owners and is used by CPA’s, EA’s, Tax Advisors, Valuators, Forensic Accountants and Attorneys when they need to determine a Reasonable Compensation figure for a client.


When Paul isn’t in the office, he enjoys spending time with his wife and chocolate lab, hiking Colorado’s back country or paddling its scenic lakes and rivers.

 

 User-added image  User-added image

Linkedin
Logo rcreports

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 a reasonable compensation figure into the business context 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 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.

Nasba
Logo qas

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

Logo rcreports
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.