S Corporations Reasonable Compensation/Owners Fringes
Exam OnlyProduct Description
Lecture presentation plus accompany power point slides. This course explains what constitutes reasonable compensation and how to calculate it for an officer. It also explains the positive and negative aspects of paying an unreasonable high or low amount of officer compensation, including potential penalties.
**Course was published in 2023**
Prerequisites
NoneField of Study
Taxes-2.00NASBA Categories
TaxesCourse Level
IntermediateCourse Objectives
At the conclusion of this course the student will understand how to calculate reasonable compensation, how to defend it in an audit, what the potential penalties entail, potential relief to the penalties and planning to avoid problems. A number of examples are included.