TCJA Impact on Reasonable Compensation for S Corp Shareholder-Employees. - Video CourseCode: 20-COMPVID

Price: $29.95
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Course Details

2 Hr Video Self-Study

Description: 

A broad overview of the reasonable compensation rules, including up-to-the-minute changes. Then, we'll cover how the Tax Cuts and Jobs Act affects decision-making in grey areas, and how to determine the optimum amount of compensation (within a reasonable range) for S corporation shareholder-employees.

 

We'll compare S corporations vs. LLCs under the new tax act.  When do S corporations provide greater qualifying business income deductions (20% passthrough deduction) and when they provide less.

Topics Covered

  •  Reasonable compensation case law.
  •   When to pay less compensation to increase the 20% passthrough deduction.
  •    When to pay a shareholder employee more compensation to increase the 20% passthrough deduction.
  •    What amount of wages optimizes the 20% passthrough deduction.
  •    When are S corporations better choices for reducing overall taxes and when aren't they.
  •     What is the "cost" of paying less in payroll taxes.

Learning Objectives

                 Learn how determine "reasonable compensation" for S corporation shareholders.
         Apply the reasonable compensation rules in specific settings.
         Learn to maximize S corporation shareholders' 20% passthrough deduction.
         Apply a formula to determine the optimum amount of wages to maximize the 20% passthrough deduction.
         Adjust reasonable compensation (within a reasonable range) to maximize the 20% passthrough deduction. 

Presentation Method:  QAS Self-Study

Category:  Taxes

CPE credit:  2 Hours

Program Level : Update

Prerequisites : None

Advance Preparation:  None

Exam expiration date:  Participants must submit exams for grading within one year from the date of purchase

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