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How To Determine Reasonable Compensation For Closely-Held Business Owners Using RCReports Software
Online
June 9th, 2020
11:00 AM , , USA
Event Speaker
Paul Hamann
President, RCReports
Are you concerned of guessing at Reasonable Compensation? Are you concerned your clients may be taking too little or too much compensation leaving them vulnerable to an IRS Challenge?
The IRS has specific guidelines on the compensation of S Corp & C Corp owners. Do you want to ensure you are advising your clients properly? Our software helps tax advisors increase the value of their practice by efficiently determining the compensation of an S Corp or C Corp owner in minutes, providing a high dollar value add service to your practice, while protecting your clients from an IRS challenge.
Paul Hamann is an expert on determining Reasonable Compensation for closely-held business owners. He has educated more than 30,000 tax advisors and valuators on the topic of Reasonable Compensation.
Call Us: 720-279-8800
President, RCReports
Are you concerned of guessing at Reasonable Compensation? Are you concerned your clients may be taking too little or too much compensation leaving them vulnerable to an IRS Challenge?
The IRS has specific guidelines on the compensation of S Corp & C Corp owners. Do you want to ensure you are advising your clients properly? Our software helps tax advisors increase the value of their practice by efficiently determining the compensation of an S Corp or C Corp owner in minutes, providing a high dollar value add service to your practice, while protecting your clients from an IRS challenge.
Paul Hamann is an expert on determining Reasonable Compensation for closely-held business owners. He has educated more than 30,000 tax advisors and valuators on the topic of Reasonable Compensation.
Call Us: 720-279-8800
Event Description
Course Description
Determining Reasonable Compensation for Closely-Held SMB’s is not a magical or mysterious process. In fact, it is a straight forward process that relies on a basic understanding of the three different approaches for determining Reasonable Compensation and when and where they apply. Practitioners armed with this knowledge and the proper tools can easily determine Reasonable Compensation for any SMB.
Learning Objectives
Understanding Cost, Market, Income Approaches for determining Reasonable Compensations
Review case studies for each approach
Assess when and where each approach should be used
Identify when an adjustment to one of the approaches may be warranted
Identify resources for defending a Reasonable Compensation opinion
Prerequisites: None
Who Should Attend
CPA’s, EA’s who advise Closely-held SMB’s on Reasonable Compensation who are interested in learning how to determine Reasonable Compensation using the three IRS approaches outlined in the IRS Job Aid: Reasonable Compensation Job Aid for IRS Valuation Professionals using RCReports Software.
Advanced Preparation:None Required
Determining Reasonable Compensation for Closely-Held SMB’s is not a magical or mysterious process. In fact, it is a straight forward process that relies on a basic understanding of the three different approaches for determining Reasonable Compensation and when and where they apply. Practitioners armed with this knowledge and the proper tools can easily determine Reasonable Compensation for any SMB.
Learning Objectives
Understanding Cost, Market, Income Approaches for determining Reasonable Compensations
Review case studies for each approach
Assess when and where each approach should be used
Identify when an adjustment to one of the approaches may be warranted
Identify resources for defending a Reasonable Compensation opinion
Prerequisites: None
Who Should Attend
CPA’s, EA’s who advise Closely-held SMB’s on Reasonable Compensation who are interested in learning how to determine Reasonable Compensation using the three IRS approaches outlined in the IRS Job Aid: Reasonable Compensation Job Aid for IRS Valuation Professionals using RCReports Software.
Advanced Preparation:None Required