For many small businesses, payroll tax costs can exceed the amount of income tax paid. This area has taken on greater importance with the recently enacted 20% “pass-through deduction”. This session is designed to aid practitioners with these issues and includes a discussion concerning reasonable amounts of compensation for S corporation employee-shareholders.
Course Publication Date:
October 17, 2019
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or can be purchased for
$20.00!
| Author: | Greg White |
| Course No: | TAX-SCORP-14029 |
| Recommended CPE: | 2.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Basic |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Taxes
Webinars - On Demand
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Learning Objectives
- Identify methods to assist clients to determine the amount of reasonable compensation to pay shareholder-employees of S corporations.
- Recognize professions that are most commonly involved in disputes with the IRS over reasonable compensation.
- Recognize situations where sole proprietorships offer a better tax outcome than S corporations.
- Recognize situations where S corporations can increase the qualified business income deduction.
- Identify situations where S corporations can be used to reduce payroll taxes.
- Identify the income levels at which the qualified business income deduction wage and wage/property limits don’t apply.