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.  

You will indicate your role in the organization and a list of typical responsibilities will pop up, requesting that you assign the number of hours you spend doing those tasks. Within this report, the tasks are based on a maximum of 40 hours per week.

Of course, we all work 80-hour workweeks, but this report is based on a standard 40-hour workweek timeframe.

What information do I need for the questionnaire?

Form Questions

• First and Last Name
• Company Name
• Email address
• NAICS Group (2-digit number)
• NAICS Code (6-digit number)
• Note: If you don't know your industry's NAICS codes, click the button below to access the NAICS website.
• Find the two-digit industry that most closely aligns with your industry. Once you find that two-digit code, click on the Sector Title and find the NAICS code for your industry.
• Pro Tip: Your NAICS code is also on Form 1120 of your business tax returns.

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?

When your report payment is processed, you will get a form with the links you need to start the questionnaire process. You receive the report immediately following completion of the Reasonable Compensation questionnaire.

If I disagree with the report, can I get a refund?

We understand that you may disagree with the reasonable compensation number on the report. However, the Reasonable Salary listed on the report is based on the methodologies used by the IRS. Additionally, it is a customized report based on your feedback that determines the outcome. As a result, we are unable to provide refunds.