Case Study: Oelerich, Reiling, & Miller helps a small Iowa corporation reduce shareholder salary and save taxes with RCReports

RCReports provides tax preparers with a simple, solution for calculating Reasonable Compensation

Rick and Oelerich, Reiling, & Miller, a public accounting firm, faced a challenge after advising a client to change their corporation status from a C-Corp to an S-Corp following the Tax Cuts and Jobs Act. This change required the client's shareholders to reduce their income by over $75,000, a move that risked drawing scrutiny from the IRS and would be difficult to defend. The firm turned to RCReports for a solution.

Using RCReports' online reasonable compensation analysis, the accounting firm provided definitive data to justify the new, lower shareholder salaries. This documentation prepared them for a potential IRS challenge and put their client at ease. The solution resulted in substantial tax savings for the client, with the firm's principal noting a return on investment of over 20 times for the analysis fee, and it helped solidify their ongoing relationship with the client.

Rick and Oelerich, Reiling, & Miller

Rick Oelerich

Owner