Event Description

Business choice of entity for tax purposes can have a significant impact on business tax liability, and a reasonable compensation determination is essential for optimizing the entity choice tax outcomes.

This course will describe how reasonable compensation intersects with entity choice and tax planning with examples. 

Enrolled Agent Approved

Designed For

• Bookkeeper
• CPA – small firm
• CPA – medium firm
• CPA – large firm
• Enrolled Agent

Objectives

• Identify factors impacting an S corporation’s reasonable compensation determinations.
• Determine how reasonable compensation impacts the proprietorship versus S corporation determination.
• List factors that impact the choice of entity determinations for tax purposes. 
• Describe how reasonable compensation impacts the §199A deduction, which has important entity choice impacts.