Reasonably Speaking: S Corp Salary Strategies

2 IRS CE/CTEC/NASBA CPE*

This session discusses many considerations regarding tax compliance for S corp shareholders' reasonable compensation. With examples and details to understand the critical components of this compliance; services provided by the shareholder in relation to services performed by other employees, profit of the S corp, other earned income of the shareholder, shareholder distributions and other considerations. Also, review other issues the IRS considers in a reasonable comp audit; determining reasonable salary from nationwide data, return on capital invested, and distributions recorded as loans. Learn strategies to support lower salaries and understand evaluating the exposure risk for clients.

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*Self-Study recording not available for NASBA CPE credit.

NASBA Field of Study: Taxes

IRS Program #: 7Q3WU-T-
CTEC Course #: 6248-CE-