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§199A and Reasonable Compensation

§199A AND REASONABLE COMPENSATION

Cost Free
Presentation Length 1.0 hour

Recorded DateFebruary 2, 2023
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

A key tax deduction available to pass-through entities through the tax year 2025 is §199A. Reasonable compensation determinations have a substantial impact on a taxpayer's potential §199A deduction and are an important part of tax planning. This course will describe how reasonable compensation intersects with §199A and tax planning. Examples will be shared.

Learning Objectives:


  • Name factors impacting reasonable compensation determinations for S corporations

  • Describe the effects on §199A of paying less than the reasonable compensation amount

  • Identify the effects on §199A of paying more than the reasonable compensation amount

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Thomas Gorczynski

Gorczynski & Associates, LLC
Partner/CEO/President
tom@gtax.biz
(844) 693-5273

Gorczynskiandassociates

Thomas A. Gorczynski, EA, USTCP is a nationally recognized speaker and educator on federal tax law matters.  He is editor-in-chief of EA Journal, author of the Tom Talks Taxes newsletter, co-author of the PassKey Learning Systems EA Review Series, and co-owner of Compass Tax Educators.

He is an Enrolled Agent, a Certified Tax Planner, a National Tax Practice InstituteTM Fellow, a Certified Tax Resolution Specialist, and admitted to the bar of the United States Tax Court as a non-attorney

Tom earned a Master of Science in Taxation from Golden Gate University and a Certificate in Finance and Accounting from the Wharton School at the University of Pennsylvania. He received the 2019 Excellence in Education Award from the National Association of Enrolled Agents and the 2018 Member of the Year Award from the American Institute of Certified Tax Planners.

Tom’s tax practice in Phoenix, Arizona focuses on implementing advanced tax reduction strategies and representing taxpayers with complex tax problems before the IRS and in the United States Tax Court.

About Our Sponsor

Logo rcreports
RCReports is a tool for Tax and Financial advisors to determine Reasonable Compensation for a client. RCReports provides a defensible position to an IRS challenge (for S-Corps), and is an excellent planning and valuation tool. RCReports synthesizes a proprietary blend of IRS criteria, Court Rulings, geographic data and our EXCLUSIVE database of wages to accurately assess Reasonable Compensation for S Corp, Small & Closely Held Business Owners.