February 6, 2023


Webinar


2 Total CPE Credits

product-artwork-1230951

S Corporations: How to Calculate Shareholder Basis

Learning Objectives

After attending this presentation you will be able to...

  • Distinguish the tax issues related to S corporation owner's basis for shares and loans from formation through operations
  • Determine strategies of a sale and/or liquidation
  • Analyze how S corporation losses impact Form 1040 Schedule E-reporting

Major Topics

The major topics covered in this class include:

  • Analyzes the calculation of basis when the entity is formed including the impact of contributed property
  • Determine the importance of shareholder loans to the entity
  • Uses a comprehensive example to illustrate the mechanics of the basis determination process
  • Calculate how basis is impacted by distributions of corporation property
  • Identify how basis is impacted by sale/or liquidation of the S corporation interest
  • Determine how to get from the Schedule K-1 information to the basis calculations

CPE Credits Available

2
Total CPE
2
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Prerequisites

Basic working knowledge of S corporation taxation.

Advanced Preparation

None

Intended Audience

CPAs working in public accounting firms and/or working for S corporations.

Provider

CPA Crossings

Register For This Event

  • ASCPA Member

    $ 79 79
    Join
  • ASCPA Non-Member

    $ 129 129
    Your Price

Please login to register.