Reasonable Compensation for Shareholders Self-Study

Summary

S corporation shareholders generally must receive reasonable compensation for services they provide to their S-corp. Tax professionals can help their clients establish reasonable compensation by analyzing various factors. They should also be prepared to explain the possible tax effects when reasonable compensation has not been taken. This course reviews all the ins and outs of reasonable compensation for S corporation shareholders.

Objectives

Upon completion of this course, you will be able to:

• List several factors courts have analyzed to establish reasonable compensation
• Explain how to substantiate reasonable compensation
• Examine the tax consequences when shareholders fail to take reasonable compensation

Course Details

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.