This program addresses the critical issues and special opportunities facing S-corporations, with a focus on reporting shareholder basis and distributions.
Learning Objectives
Apply the latest tax rules and regulations of S-corporations
Identify shareholder basis and how to report it
Distinguish and define complex S-corporation issues
Major Topics
Recent tax legislation, rules, and developments impacting S-corporations, including TCJA and COVID-19 related provisions
Reporting on Schedule E
S corporation basis in stock and debt
Shareholder basis
Basis of indebtedness
S corporation open account debt
Limitation of deduction of losses
AAA and distributions
CPE Credits Available
2
Total CPE
2
Taxes
Things to Know About This Course
Course Level
Intermediate
Prerequisites
Basic working knowledge of S-corporations
Advanced Preparation
None
Intended Audience
Experienced practitioners with S-corporation clients and members in industry working for an S-corporation
