The TracePrep Team writes the TracePrep blog for CPA, EA, and accounting firms. TracePrep is a tax-prep platform, and it also produces the Reasonable Compensation Study.
Which Claude product fits which part of tax-prep work, what the vendor says each one needs, and the guardrails a firm sets before client data goes near it.
What to ask an AI tool for so every figure arrives with its page and line, the four ways AI citations fail, and how a Reviewer checks them fast.
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.