Officer Compensation Audits: What It Is and How to Defend It

Overview

This course examines the key elements of Officer Reasonable Compensation requirements for S and C Corporations. It focuses on the role of court cases in guiding compensation standards, the identification of individuals required to receive it, and strategies for advising taxpayers based on specific circumstances. Participants will also learn how to represent taxpayers before the IRS to defend the Officer’s Reasonable Compensation amount effectively for any given year.

*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 kori.herrera@acpen.com

Highlights

• Overview of Reasonable Compensation requirements for S and C Corporations
• Key court rulings and their implications
• IRS audit procedures related to Officer Reasonable Compensation
• Role of Accountable Plans in determining Reasonable Compensation
• Strategies for defending Reasonable Compensation

Prerequisites

None

Designed For

CPAs, EAs, tax professionals

Objectives

• Define Officer Reasonable Compensation and identify who is required to receive it
• Relate Accountable Plan requirements to Reasonable Compensation
• Apply court criteria in determining Reasonable Compensation
• Examine methods used by the IRS when auditing Reasonable Compensation
• Analyze strategies for defending the Reasonable Compensation amount

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by ACPEN. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.