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How do you determine what your reasonable compensation should be as an S Corp? Setting your reasonable salary can be tricky, but it's crucial to take this step seriously to ensure compliance with the IRS regulations and to also avoid major penalties. In this video, we'll discuss how to determine reasonable compensation, what the IRS looks for, and how to make sure your salary is defensible in an IRS audit.
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**DISCLAIMER: This video is meant for educational purposes only. This is not to be relied on or considered a substitute for advice on your specific situation from your tax advisor.
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