What To Do If Your Client Didn't Take Reasonable Compensation Last Year

Register
Member Price:
$39
Non-Member Price:
$49
Your Course Price:
CE Credits
1
Advanced Preparation
None
Course Level
Basic
Prerequisite
None
Course Instructor

Paul Hamann

Delivery Method
Webinar
Date
Friday, May 16, 2025
Time
IRS CE
1
NASBA CPE
1
CTEC Credits
1
Course image default
Schedule
  • 10:00 - 11:00 AM PT
  • 11:00 - 12:00 PM MT
  • 12:00 - 1:00 PM CT
  • 1:00 - 2:00 PM ET

Are you a new advisor handling S Corp clients, or perhaps a seasoned professional facing this common scenario: "My S Corp client didn't take reasonable compensation last year. Now what?” Knowing that reasonable compensation isn’t just a tax obligation, but a strategic financial decision, you need to be armed with expert knowledge to help your client navigate this situation. Join us to discuss IRS regulations, understand preventive measures, and address challenges within the year.

  • Identify key questions to ask your clients before making an S election to help them stay proactive and make the best entity choice
  • Discuss proactive measures you can take as an accounting professional to help your clients stay compliant with S Corp regulations
  • Evaluate scenarios for cash management when reasonable compensation has not been paid, but should have been
  • Recognize complications and penalties, and leverage early detection to mitigate risks of late payroll tax deposits
  • Illustrate nuances related to health insurance and reasonable compensation, including vision and dental benefits, to optimize tax planning strategies

Program Content: [only for CPA Crossing]

  • Review best practices to help your client evaluate if an S election is an appropriate choice
  • How to be proactive and head off common reasonable compensation issues before they happen
  • Explore strategies for cash management if cash isn’t available at year end
  • Explore what’s at stake when reasonable compensation isn’t paid timely

Official Registry Statement:

The National Society of Tax Professionals is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CTEC Disclosure Statement:

The National Society of Tax Professionals has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual "continuing education" requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org. 

Disclaimer:

Group Internet Based courses are interactive audio-visual presentation courses led by an NSTP Instructor. These courses include a pre-recorded session and may also include PowerPoints slides, a PDF textbook or both. 

Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author, the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual's reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials and during the seminar presentation before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any particular device, technique or suggestion before recommending the same to a client or implementing the same on a client's or on his or her own behalf.

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  •   1 (800) 367-8130
  •   (360) 695-8309
  •   (360) 695-7115
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