CE: 1 IRS/CTEC
Speakers: Eric Green, Dawn Brolin, Tom Gorczynski, EA, USTCP; and Paul Hanman
Price: Free for Members | $50 for Nonmembers
Reasonable compensation is one of the most misunderstood topics in the tax realm, but it can have very real, very large implications on your clients and your firm. If you work with S Corps, you have a duty of care to ensure your clients are taking appropriate reasonable compensation and have this figure documented using unbiased data every year. Failing to do so can result in back taxes, penalties, and interest for your clients, and preparer penalties for you. In this fast-paced session, we’ll also dive into the details of recent reasonable compensation audits, showing you the critical role documentation plays and how real practitioners have faced these challenges. Learn from the mistakes of those who’ve gone before you and avoid the horror that occurs when you butcher reasonable comp.