New Hampshire Compensation Deduction – Applicable Standards for 2010 & Post-2010 Taxable Periods
Tuesday, May 28, 2013 08:30 AM
This is a ½ day seminar (4 credits) led by Jon Sparkman, Esq., CPA, Maurice Gilbert, CPA, MST and Jason E. Cole, Esq., CPA. The New Hampshire General Court has changed New Hampshire’s reasonable compensation deduction for owners of corporations, limited liability companies, partnerships, and proprietorships in 2010 and again for taxable years beginning on or after January 1, 2011. We will examine the provisions of the 2010 & 2011 laws, the Administrative Rule for reasonable compensation adopted by the Department of Revenue Administration, the appeal process, and the new burden of proof in detail. Other issues will include a comparison of the new and old compensation provisions under the Business Profits Tax for 2010 and subsequent years; and the use of Internal Revenue Code Section 162, Treasury Regulations, and Federal Court precedent to determine reasonable compensation and planning opportunities that are available.
Program Designed For:
This seminar is designed for tax professionals whose clients have business activity within New Hampshire and deduct compensation for the personal services of the shareholders, partners, members and proprietors of the businesses. Participants should have a general knowledge of the Business Profits Tax and tax principals relating to compensation deductions under the United States Internal Revenue Code.
When: May 28, 2013, 8:00 a.m. registration. Seminar 8:30 a.m. to 12:15 p.m.
Location: 1750 Elm Street, Suite 403, Manchester, NH 03104.(directions)
Sponsor: New Hampshire Society of CPAs
Registration: Additional information and registration will be available on the New Hampshire Society of CPAs website.
Speakers: Jon. B. Sparkman, Esq., CPA, Maurice P. Gilbert, CPA, MST, and Jason E. Cole, Esq., CPA
This program will qualify for 4.0 hours of CPE based on 50 minute hour
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