FREQUENTLY ASKED QUESTIONS

We've got A's for your Q's

Do I have to provide personal data?

That's the great part, you're not required to provide revenue info, your social security number, date of birth, or any other personal data. The IRS calculates Reasonable Compensation based on the value of the duties and responsibilities.  

What information do I need for the questionnaire?

The questionnaire lists a large number of duties and responsibilities. You are required to select the ones you perform and give an approximate number of hours you perform each task during a typical 40 hour week. That's it.

What's in the Report?

  • Results from the questionnaire
  • The IRS approved methodology used
  • Charts and graphs
  • Databases used in collection of report
  • The IRS Nine Factors Considered by Tax Courts
  • The Tax Court's Five Factor Test
  • The Tax Court's Ten Factor Test
  • Summary of Court Factors used to "Stress Test" Comp Figures
  • Additional Resources
  • Sample language for your corporate minutes

Where do you get your data from?

We use data from RCReports. The leader in data collection for Reasonable Compensation Analysis.

Supported by a team of data scientists, RCReports' database host over 100 million wage data points and meets strict confidence level requirements. Over 35 million of those data points are exclusive to RCReports.

Can I purchase reports for prior years?

Yes. This is very common when people are going through an audit. You can purchase reports as far back as 2001.  

Can I purchase reports for other employees?

Absolutely. It's common practice for employers to conduct a compensation study on key positions.  

How long does it take to get the report?

It's instantaneous. As soon as you complete the questionnaire, your report shows up on the screen in draft form. You have 30 days to modify your answers on the report. On the 30th day, the report will finalize if you haven't done so sooner.  

Once I pay for my report, how quickly will I receive it?

After purchase, you can access the questionnaire via link and email. Please check your spam if you don't see the email within 10 minutes.  

AT TUESDAY ACCOUNTING, WE PROTECT YOUR S-CORP SALARY AND KEEP YOU COMPLIANT

We don't leave "reasonable compensation" to chance. Using IRS-approved methodologies, we create a documented, defensible report that can withstand the toughest IRS audit.

WE LEVERAGE RC REPORTS FOR DATA ANALYSIS

  • RCReports is trusted by CPAs and tax professionals nationwide.
  • Report is based on IRS-Approved methodologies.
  • Unbiased data is used to create audit-defensible reports every year for thousands of S-Corp owners.

DEFENSE AGAINST PENALITIES AND INTEREST

WORRIED TAX AUDIT

Without a defensible salary report, you could owe the IRS years of back payroll taxes, penalties, and interest.

PROTECTION FOR YOUR DISTRIBUTIONS

Without a defensible salary report, the IRS can reclassify distributions as wages for the years reasonable compensation was not paid.

LIENS

IRS LIEN

Without documentation, you have zero defense against an IRS Audit. You will owe and you will pay.