Jason Dinesen (EA, LPA) is a tax nerd, entrepreneur, tax expert and a well-known presenter of continuing education cours...
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Description
Reasonable compensation is one of the most critical—and frequently misunderstood—components of S-Corporation taxation. It is also a focal point for IRS audits. Many commonly cited "rules of thumb" in the tax profession, such as paying yourself 60% of the company’s profit as salary and distributing the remaining 40%, are not supported by tax law or authoritative guidance. These oversimplified formulas often do not withstand scrutiny in the event of an IRS examination.
In reality, compensation paid to shareholder-employees must meet the standard of being "reasonable" for the services rendered, irrespective of the business’s net profit. Determining what qualifies as reasonable is not a matter of applying a fixed percentage but rather requires a detailed and well-supported analysis based on facts, industry standards, and court precedent.
This training provides a comprehensive exploration of reasonable compensation for S-Corporations. Participants will learn the legal foundations of the requirement, how to properly calculate and document reasonable compensation, and how to effectively defend their determinations during IRS audits or legal challenges. We will explore key court rulings and IRS positions to clarify what authorities consider when evaluating reasonable compensation and provide practical tools and methodologies for applying these principles in real-world scenarios.
Learning Objectives:
By the end of this webinar, participants will be equipped to:
Why you should Attend
Whether you're a seasoned tax professional or newer to advising S-Corp clients, this session will deepen your understanding and strengthen your ability to navigate this complex but vital area of taxation with clarity and confidence.
Who should Attend
$999
Unlimited live sessions
THE SUBSCRIPTION IS VALID FOR A YEAR
$499
Unlimited live sessions
THE SUBSCRIPTION IS VALID FOR 6 MONTHS
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HRCI
IRS Credits
SHRM Credits