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S Corporations: How to Avoid Common and Often Overlooked Pitfalls (Simple to Complex)


Understand the requirements that must be met in order for companies to operate as S corporations.

S Corporations are a powerful tax efficiency vehicle with the savings of Social Security and Medicare taxes, but there are considerations. The webinar will discuss the several reasons why an S Corporation does not make sense but will also highlight ways around some of the rigidity. Next, we will take a deep dive into reasonable shareholder salary which poses one of the largest challenges for tax professionals. Finally, we will wrap up with accountable plan reimbursements, nomadic owners, and revoking the S Corp election.



Jason Watson, CPA

Jason Watson, CPA

WCG Inc.

Jason Watson, CPA, Partner

  • Partner in the office of WCG CPAs & Advisors, a boutique small business accounting firm
  • Practices as a small business consultant specializing in LLCs and S Corporations including entity structure, self-employment taxes, and retirement planning
  • Author of Taxpayer’s Comprehensive Guide to LLCs and S Corporations
  • Presented several webinars on general S Corporations but has also presented specifically on reasonable compensation, S Corporations for medical groups, and home office issues
  • Experience as an expert witness and provides litigation support for general business matters including business valuations
  • Can be contacted at [email protected] and 719-428-3261

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