Description:

This book is for preparing 2024 taxes. 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.

Topics include:

• Listing several factors courts have analyzed to establish reasonable compensation
• Explaining how to substantiate reasonable compensation
• Examining the tax consequences when shareholders fail to take reasonable compensation 

Product Details:

Item Number: 24381

Level: Intermediate

Authors: NATP Staff

Published: 2024

Format: Print - 36 pages

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Corresponding CPE Courses:

Get the e-book FREE when you purchase the corresponding 2024 course.