September 24, 2025


Webinar


4 CPE

S Corporation Checkup: Tax Issues & Forms Reporting

September 24, 2025
Webinar
4 CPE

S Corporation Checkup: Tax Issues & Forms Reporting

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    Instructor

    Steve
    Dilley

    View Bio

Learning Objectives

  • Apply recent legislative development impacting S corporations and their shareholders
  • Identify the tax issues related to S corporation owner's basis for shares and loans from formation through operations and concluding with sale and/or liquidation

Major Topics

  • Discuss the calculation of basis when the entity is formed including the impact of contributed property
  • Explain the importance of shareholder loans to the entity
  • Uses a comprehensive example to illustrate the mechanics of the basis determination process
  • Schedules K-2 and K-3
  • Discuss how basis is impacted by distributions of corporation property
  • Explain how basis is impacted by sale/or liquidation of the S corporation interest
  • S corporation losses and how they impact Form 1040 Schedule E reporting
  • Show how to get from the Schedule K-1 information to the basis calculations
  • Comprehensive example to illustrate the mechanics of the basis determination process

CPE Credits Available

4 CPE
4
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Taxes

Advanced Preparation

None

Intended Audience

CPAs working in public accounting firms and/or working for an S corporation

Provider

ACPEN

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