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| Calculating Reasonable Compensation for Business Valuations (1676Q) |
Course CPE: 2 hours
Field(s) of Study: Accounting–1 hr; Business Law–1 hr
Program Level: Basic
Prerequisites: Previous training or experience with the fundamentals of accounting, finance, economics, and business writing. These individuals are often at the staff or entry level in organizations, although such programs may also benefit a seasoned professional with limited exposure to the area.
Advanced Preparation: None
Delivery Method: QAS Self-Study
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Item
Number: 23BV0714CRC
Shipping Weight: 0lbs. 0oz. |
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$147.00 |
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Recording Date: July 14, 2023
Presenter: Paul Hamann and Stephen Kirkland
Program Description:
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.
After completing this course, attendees will be able to:
- Determine the basic advantages of Distributions V. Salary/Wages
- Identify the consequences of an IRS re-characterization of distributions
- Identify Reasonable Compensation in the courts
- Determine and discuss the IRS guidelines for determining Reasonable Compensation
- Determine when Reasonable Compensation applies to your client
- Determine and explain advanced scenarios
- Identify options for determining Reasonable Compensation
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional 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.
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