founder of TracePrep Inc.
Bobby Huang is the founder of TracePrep Inc. TracePrep is a tax-prep platform for CPA, EA, and accounting firms, and it also produces the Reasonable Compensation Study.
The Augusta rule under §280A(g), read for S corp clients: the 14-day count, fair-rent evidence, and the minutes, agreement and invoices a Reviewer expects.
S corp distributions start with basis. A 3-year stock and debt basis roll-forward, AAA ordering, Form 7203 logic, and a worksheet your firm can paste.
Safe harbor estimated tax for S-corp clients: prior-year, 90% and annualized schedules, the December withholding catch-up, a client letter and a firm calendar.
QBI deduction S corp rules for firms (2026): salary cuts QBI, feeds the W-2 wage limit above $403,500 MFJ, and meets the 20% taxable-income cap.
Form 1125-E attaches to Form 1120-S at $500,000 or more in total receipts. Tie officer compensation to payroll and the Study, and document any difference.
No rule sets how often to update a reasonable compensation study. Review it each tax year, re-run it on trigger events, and roll year two forward.
A 12-question reasonable compensation review checklist: what a Reviewer asks of an S-corp Study before signing, with good answers and red flags.
TaxDome integrations, Karbon integrations and Holistiplan integrations mapped: which tax planning tools connect to tax prep, CRMs, storage and Zapier, as of 2026-09-23.
How a financial advisor picks tax planning software: return intake, CRM and planning connectors, output and pricing model, with vendor facts dated 2026-09-23.
How to read a tax return as a financial advisor: which Form 1040 pages and schedules to open, the S-corp signals to flag, and a one-page handoff checklist.
A tax planning engagement letter template with bracketed fields: scope, deliverable, client duties, fee basis, exclusions and who signs off.
Financial advisor tax planning handoff: what the advisor sends the CPA firm, what the firm returns, a shared 2026 calendar, and why the Reviewer signs.