L3.07.22 Business Entity Examination Issues

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Description

Business Entity Examination Issues
IRS Program #: X9QQU-T-00858-22-O/S
CE: 2 IRS credits
Speaker: Erika Williams, EA

This course provides an overview of common issues encountered when the IRS examines a business entity's tax return.

Learning Objectives:

Understand the reasonable compensation requirements for S corporations and what is reasonable compensation for an S corporation shareholder.
Compute basis in the business entity interest and how to potentially reconstruct basis if records are incomplete.
Describe when a worker is an employee or contractor for federal tax purposes.
Describe any other issues currently being scrutinized by the IRS.

Contributors

Ericka S. Williams, EA, NTPI Fellow

Ericka S. Williams, EA, NTPI Fellow, and founder of Trinity Global Financial Group, PLLC in Tallahassee, FL. She has over 16 years of experience in IRS audits, appeals, installment agreements, innocent spouse cases, Offer in Compromise, and Liens and Levy removals. She also teaches individual and corporate taxation at Florida A & M University.

Thank you

Description

Contributors

Ericka S. Williams, EA, NTPI Fellow