24SS-0141: Surgent's Guide to Calculating S Corporations Shareholder Stock and Loan Basis (Self-Study)

Valid for one year from purchase date
Self-study - On-Demand
2 CPE (2 technical)  |  2 IRS CE

This program discusses, in a practical way, how an S Corporations shareholder calculates their stock and loan basis on Form 7203. Form 7203 is the new IRS Form on which a shareholder is sometimes required to calculate their stock and loan basis. This topic is particularly important when an S Corporations has a loss and the shareholders wish to know whether they are entitled to fully utilize the loss that has been allocated to them against their other income.

Major subjects

• Introduction to Form 7203
• Introduction to the calculation of stock basis
• Introduction to the calculation of loan basis
• Taxable and nontaxable S Corporations distributions to shareholders
• The election to reduce basis by deductible losses and expenses before reducing basis by nondeductible expenses

Learning objective(s)

• Calculate an S Corporations shareholder's basis in his or her S Corporations shares on Form 7203
• Understand and apply the S Corporations shareholder loan basis rules

Who should take this program?

Any tax practitioner with S Corporations or S Corporations shareholders as clients

Fees

Standard Member Fee	$89.00
Standard Nonmember Fee	$89.00

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