NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN cardThis session discusses many considerations regarding year-end tax planning for S corporation shareholders. Including tax savings related to wages for maximizing QBI, hiring spouses or children, shareholder health insurance, reimbursed expenses, home office, business auto expense, retirement planning, and pass-through entity tax elections (PTET). With examples and details to understand the critical components of compliance in these tax saving matters such as reasonable compensation.
Topics Covered
- S corporations
- Tax planning
- Year-End tax planning
- Reasonable compensation
- Reimbursement plans
- S corporation compliance
- Hiring spouses & children
- PTET
- Section 199A, QBI
- Home office
- Auto expense
Learning Objectives
- Understand the tax savings for keeping shareholder salaries lower
- Strengthen compliance matters related to shareholder salaries, health insurance and reimbursed expenses.
- Develop best practices for helping clients understand and comply with S corporation compliance regs
- Determine tax savings available from maximizing QBI, retirement funding and PTET elections
- Develop a schedule to implement year-end tax planning with S corp shareholder clients
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Jane Ryder
Jane Ryder, EA, CPA, is a nationwide professional educator.Jane Ryder, EA, CPA writes and speaks nationwide on many tax, compliance, representation and accounting topics. She runs her full-service CPA firm in San Diego, California and has been providing tax, accounting, representation and tax collection services since 1980.