What to Do If Your Client Didn't Take Reasonable Compensation Last Year - Sponsored by RCReports
Course Description
Are you a new advisor handling S Corp clients, or perhaps a seasoned professional facing the common query: "My S Corp client didn't take Reasonable Compensation last year. What now?" Explore the intricacies of "What to Do If Your Client Didn't Take Reasonable Compensation Last Year" in this informative session. Reasonable Compensation is not just a tax obligation—it's a strategic financial decision. Join us to demystify IRS regulations, understand preventive measures, and address challenges within the year.
Learning Objectives
- Prevention Strategies: Equip yourself with key questions for making an S Election, ensuring proactive measures throughout the year.
- Addressing Issues Within the Year: Learn practical solutions for cash availability scenarios, including health insurance considerations within reasonable compensation.
- Evaluate scenarios for cash management when reasonable compensation has not been paid, but should have been.
- Health Insurance in Reasonable Compensation: Uncover nuances, including vision and dental benefits, optimizing tax planning strategies.
Presenters
John Morse, CPA
John Morse has operated his own CPA firm John P. Morse, CPA, LLC, since 2014, specializing in tax, small business accounting, and campaign compliance. Prior to that he served in the Colorado State Senate, most recently as the President of the Senate. After graduating from college, he worked as a CPA for Fox & Company in Colorado Springs, CO, and then for Deloitte, Haskins & Sells in Denver as an audit manager. So, he has roughly 20 years of CPA experience.
Read the full bio here!
John Morse has operated his own CPA firm John P. Morse, CPA, LLC, since 2014, specializing in tax, small business accounting, and campaign compliance. Prior to that he served in the Colorado State Senate, most recently as the President of the Senate. After graduating from college, he worked as a CPA for Fox & Company in Colorado Springs, CO, and then for Deloitte, Haskins & Sells in Denver as an audit manager. So, he has roughly 20 years of CPA experience.
Read the full bio here!
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.