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Intermediate

Reasonable Compensation Study for S-Corps

Drafts a justification for S-Corp officer wages to prevent IRS reclassification of distributions.

Analyze the 'Reasonable Compensation' for the owner of {company_name}, an S-Corp generating {gross_profit}. Considering the owner's role as {job_title} and working {hours_per_week}, justify a salary of {salary_amount} vs. distributions of {distribution_amount}. Use RCReports-style logic or Bureau of Labor Statistics data points.

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Details

๐Ÿ’ฐ

Category

Tax

Tax Planning & Strategy

Tested With

โœ“ GPT-4oโœ“ Claude 3.5 Sonnet

Tags

#S-Corp#Payroll#IRS

Added

6m ago

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