Thank you
This live web event has ended. Thank you for attending.
Description
2024 January Solutions Room: S Corporations & Compensation
IRS Program #: X9QQU-T-01105-24-O
CTEC #: 6257-CE-0272
CE: 1 IRS & 1 CTEC credit
Speaker: Chelsea Rustek, EA
This course explores how entity changes to an S Corporation can save taxpayers large sums of money. In addition we will explore setting compensation in terms of reasonability and optimizing for maximum retirement contributions. Formatted from a real life case study, we will see how $0 changes for clients can save thousands of tax dollars.
Learning Objectives:
- Define the S Corporation entity structure.
- Understanding how this entity election can be made.
- Developing an understanding of setting compensation in relation to retirement contributions for sole owners.
- Explore further tax saving strategies related to wages for owners in the S Corporation structure.