Access Leading Tax Experts And Technology
In Our Global Digital Marketplace

Please Type Topic Into Search Bar

How can I protect my clients on IRS examinations on S Corps?

S-Corp IRS Examination
TaxConnections Members... Answer This Question Want To be One of Our Tax Experts? Register Here

Tax Professional Answers

User Photo
Paul Hamann
Good Question. There are many factors that could raise a red flag with the IRS. The top two are: Reasonable Compensation and Distributions. Because these two factors are almost always tied to one another having a defensible Reasonable Compensation figure is your best defense. For more on creating a defensible position on Reasonable Compensation please see: How Do You Know If Compensation Is Unreasonable?: https://rcreports.com/resources/reasonable-compensation-blog/how-do-you-know-if-compensation-is-unreasonable/
Leave a Comment 10 weeks ago


Meet Leading Tax Advisors

User Photo John Stancil

Professor

Lakeland

User Photo Peter J. Scalise

Federal Tax Credits & Incentives Practice Leader

New York, NY

User Photo John Dundon, II EA

Tax Director

Denver, CO

User Photo William Rogers, CFP, MBA, EA

CEO/Certified Financial Advisor

Rancho Santa Fe, CA

User Photo Monika Miles

President

San Jose, CA

User Photo Blake Christian

Tax Partner

Long Beach/ Park City, CA

User Photo John Richardson

Lawyer

Toronto, Canada

 

View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

INCREASE KNOWLEDGE WITH EVERY ISSUE OF TAXCONNECTIONS

 

Learn from tax advisors, straight to your inbox

Update My Email Address
Contact Us Today