On-Demand: Reasonable Compensation for S Corps - Sponsored by RCReports
Course Description
Between 2010 and 2020 a parade of Court Cases, IRS Fact sheets, Job Aids, and Internal Memos, plus Heightened IRS scrutiny and Preparer Penalties has brought the issue of "Reasonable Compensation for S Corps" out of the shadows and placed it forefront as a priority issue for CPA's, EA's, and Tax and Financial advisors to cover their clients. We will Explore key court cases, IRS guidelines, preparer penalties, and some of the obscure tools the IRS has put in place. We debunk common myths and fiction on how reasonable compensation should be calculated and replace it with facts and methodologies that the IRS relies on.
Learning Objectives
- Demonstrate the basic advantages of Distributions V. Salary/Wages.
- Assess the consequences of an IRS re-characterization of distributions.
- Review Reasonable Compensation in the courts.
- Discuss the IRS guidelines for determining Reasonable Compensation.
- Determine when REasonable Compensation applies to your client.
- Explain advanced scenarios.
- Review Tips from the pros and IRS Red Flags.
- Review why Reasonable Compensation has become a priority for the SB/SE division of the IRS.
- Identify options for determining Reasonable Compensation.
Presenters
Paul S. Hamann, Founder and President of 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.
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.
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
education@naea.org. IRS Requirements for live webinars require at least 50 minutes per hour of attendance and answering 3 out of the 4 polling questions. For on-demand, you must watch the full video, answer the knowledge check, and pass the assessment with a score of 70% or above. No partial CE is offered.
Webinar Refund Policy
To request a refund, contact the NAEA education team via email at
education@naea.org. An NAEA education team member will review the request for a 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 will not be refunded.