S Corporation Essentials: Stock & Loan Basis Reporting

Instructor

Doug
Van Der Aa

This program addresses the critical issues and special opportunities facing S-corporations, with a focus on reporting shareholder basis and distributions.

**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Learning Objectives

Apply the latest tax rules and regulations of S-corporations
Identify shareholder basis and how to report it
Identify planning opportunities and potential pitfalls when preparing S corporation client returns

Major Topics

Basis of stock and debt
Form 1040, Schedule E
Shareholder basis of indebtedness
Limitation of deduction of losses
AAA and distributions

CPE Credits Available

2 CPE Credits

2: Taxes

Things to Know About This Course

Course Level

Intermediate

Professional Area of Focus

Taxes

Advanced Preparation

None

Intended Audience

Experienced practitioners with S-corporation clients and members in industry working for an S-corporation

Provider

ACPEN