Reasonable Compensation for S Corps and Partnerships - Shifting Undercurrents and Brand New Consequences

Description

The playing field is shifting much more dramatically than meets the eye for owners of pass-through entities. Employment tax undercurrents are on the move. Wholly different income tax implications are in play. How to plan? Take our new 2 hour course and find out.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Highlights

• How planning to save employment taxes for S corps is on the chopping block 
• How recent cases, regs and rulings have shaken, but not broken, planning to reduce SE tax of a partner 
• Profound insights from IRS’s new Partnership and SE Tax Concept Unit
• How compensation of owners plays against income tax (under §199A)
• A alternative (?) to paying comp from a partnership
• How reasonable comp in other contexts is also shifting in light of wholly new developments
• To learn how the courts are increasingly using “cut and paste” lego-type pieces to sort the differences between compensation, loans, dividends and distributions

Objectives

• To take a practical fresh new look at reasonable compensation for owners of S Corps and partnerships and reevaluate related planning

Designed For

CPAs and others desiring an update as to effective income tax and employment tax planning for closely held business owner compensation