))
Ep.3 Busting Myths Around Reasonable Compensation with Paul Hamann
Manage episode 407170227 series 3558479
Content provided by Dan Henn, CPA, CTR™, CTC, Dan Henn, CPA, and CTC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dan Henn, CPA, CTR™, CTC, Dan Henn, CPA, and CTC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Would you like to prevent paying a preparer penalty? Paul Hamann of RCReports will tell you how. In this episode, Dan and Paul discuss exactly what reasonable compensation is and why it’s important for every tax professional and business owner to understand. They examine some real cases involving reasonable compensation issues and how the tools and resources provided by RCReports became crucial to winning the cases in the clients’ favor in an IRS Exam.
Key Takeaways:
- How implementing RCReports into your practice can substantially increase your value and cost of services
- How to avoid a preparer penalty
- Understanding the multitude of tools and resources RCReports has available
- What new services you can provide after adopting RCReports into your practice
RC Reports is offering a special $200 off during the month of July! Use the link below to register for this special limited time offer.
Paul Hamann is an expert on determining Reasonable Compensation for closely-held business owners. He has educated more than 80,000 tax advisors and valuators on the topic of Reasonable Compensation and has been published in numerous national and state journals. Paul, along with other experts in their own fields founded RCReports in 2010. RCReports cloud software determines reasonable compensation for Closely-Held Business Owners and is used by CPA’s, EA’s, Tax Advisors, Valuators, Forensic Accountants and Attorneys when they need to determine a Reasonable Compensation figure for a client. When Paul isn’t in the office, he enjoys spending time with his wife and two chocolate labs, hiking Colorado’s backcountry or paddling its scenic lakes and rivers.
The IRS Whisperer podcast is dedicated to helping you develop an efficient and profitable IRS Representation practice. Be sure to subscribe on your favorite podcast platform so you don’t miss an episode.
Do you have some feedback or questions about this episode? Leave a note in the comment section or reach out on social media:
Facebook: https://www.facebook.com/IRSWhisperer
Instagram: https://www.instagram.com/irswhisperer/
The IRS Whisperer is powered by the Tax Resolution Academy® - a digital community for tax pros seeking support, educational materials, and up-to-date instruction on IRS representation cases. Learn how to grow your firm, operate more efficiently and profitably, and provide the best possible representation to your clients. To learn more or join, go to https://community.taxresolutionacademy.com/ctr
7 episodes
Share
