Reasonable compensation is one of the most misunderstood topics in the tax realm, and it can have very real and impactful implications on your clients and your firm. If you work with S Corps, you have a duty of care to ensure that your clients are taking appropriate reasonable compensation and have this figure documented using unbiased data every year. Failing to do so can potentially result in back taxes, penalties, and interest for your clients, and preparer penalties for you.
Learn from the mistakes of past practitioners by attending this fast-paced session that will reveal the horrors that can occur when reasonable comp is butchered.
