Reasonable Compensation for S Corps

Monday, August 26, 2024 | 1pm – 3pm Eastern | via Live Webinar

Free 2 Hours for EAs and CPAs

Between 2010 and 2020 a parade of Court Cases, IRS Factsheets, Job Aids and Internal Memos, plus Heightened IRS scrutiny and Preparer Penalties has brought the issue of ‘Reasonable Compensation for S Corp’s” out of the shadows and placed it forefront as a priority issue for CPA’s, EA’s, Tax and Financial advisors to cover with 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

Program brought to you by:

PLEASE USE THE FORM BELOW TO REGISTER FOR THE PROGRAM.

 
 
 
 
 
 
 

About Your Speaker:

Eric Green – Attorney and Founder, Tax Rep Network

Attorney Eric L. Green is a practicing tax attorney, author, speaker, and coach. He founded Tax Rep LLC which runs the popular tax representation practice-growth training and coaching program Tax Rep Network. Through his role as the primary instructor and coach at Tax Rep Network, he has helped thousands of accountants start and grow successful tax representation practices.

Eric is a partner and founder of law firm Green & Sklarz LLP, which is based in New Haven, Connecticut, where his focus is taxpayer representation before the IRS, Department of Justice Tax Division and state departments of revenue. Prior to becoming an attorney, Eric served as a senior tax consultant for national and international accounting firms, including KPMG and Deloitte & Touche.

Eric developed a national reputation by building a remarkable record of negotiating favorable settlements in thousands of civil cases against government agencies and has also been able to convince government agents and attorneys to forgo criminal charges and civilly resolve many cases.

LEARN MORE ABOUT ERIC

Prerequisites: None
Advanced Preparation: None
Program Level: Beginner
Delivery Method: Group Internet Based
Field of Study: Taxes
CPE: 2 hours
IRS CE: 2 hours

Green & Sklarz, LLC is the sponsoring organization for Tax Rep LLC’s CPE programming. Green & Sklarz, LLC is registered with the National Association of the State Boards of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.nasbaregistry.org. Green & Sklarz, LLC’s NASBA sponsor number is 132892.

Program Number: 15UFN-T-003XX-24-O
Title: Reasonable Compensation for S Corps

Cancellation Policy: If you find you cannot make the program after registering, please contact our office by email (team@taxrepllc.com) and let us know you will be unable to make the program.

Concerns or Complaints: If you have suggestions or concerns about anything in the program or the materials, please direct them to team@taxrepllc.com.

CPE Credits & Field of Study: Recommended 2 CPE Credit Hour in the Field of Taxes.  In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour