Topics covered include: Reasonable compensation case law When to pay less compensation to increase the 20% passthrough deduction When to pay a shareholder employee more compensation to increase the 20% passthrough deduction What amount of wages optimizes the 20% passthrough deduction When are S corporations better choices for reducing overall taxes and when aren't they What is the 'cost' of paying less in payroll taxes. Upon completing this course, you should be able to: Recognize how determine 'reasonable compensation' for S corporation shareholders; Identify and apply the reasonable compensation rules in specific settings; Describe how to maximize S corporation shareholders' 20% passthrough deduction; Recognize and apply a formula to determine the optimum amount of wages to maximize the 20% passthrough deduction Identify how to adjust reasonable compensation (within a reasonable range) to maximize the 20% passthrough deduction; Differentiate court cases and how they apply to your client; Identify the steps in calculating the cost of lost social security benefits; Calculate the annual social security benefit in various scenarios; Recognize characteristics of the new QBID deduction.