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2022 NTPI Level 3 - L3.07.22 Business Entity Examination Issues

Business Entity Examination Issues
IRS Program #:
CTEC #: 6257-CE-0074
CE: 2 IRS credits and 2 CTEC 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.

Continuing Education
This course qualifies for IRS Continuing Education Hours. NAEA reports IRS CE on a monthly basis. If you have not received your CE Hours in your IRS PTIN Account by the end of the month after receiving the certificate, please contact NAEA at

Webinar Refund Policy
To request a refund, contact the NAEA education team via email at An NAEA education team member will review the request for refund. If the refund request has been approved, the refund will be refunded on the same method of purchase. Live Webinars, also offered On-Demand Webinars will not be refunded.