About This Course:
S Corporations are a powerful tax efficiency vehicle with the savings of Social Security and Medicare taxes, but there are considerations.
The webinar will discuss the several reasons why an S Corporation does not make sense but will also highlight ways around some of the rigidity.
Next, we will take a deep dive into reasonable shareholder salary which poses one of the largest challenges for tax professionals. Finally, we will wrap up with accountable plan reimbursements, nomadic owners, and revoking the S Corp election.
What You'll Learn:S Corp Benefits- Downsides With States
- Pitfalls With Sep IRA / 401K
S Corp Elections- S Corp Eligibility
- Late Elections
- Qsub
Multi Entity Structures, Flexible Profit Splits, Autonomy Reasonable Compensation
- Theory
- Tax Court Cases
- How to Approach
- Rc Reports
- W-2 Conversion
- Qbid Optimization
Fringe Benefits (Health, HSA, HRA, Di, LTC, Automobile)Distributions, TimingAccountable Plan Reimbursements, Home Office LimitsAdding Spouse, Kids to PayrollNomadic S Corp OwnersExpat S CorpsRevoking S Corp