Surgent's Guide to Calculating S Corporation Shareholder Stock and Loan Basis
Valid for one year from purchase date
Self-study - On-Demand
2 CPE (2 technical) | 2 IRS CE
Course code: 25SS-0224
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If your organization is exempt
from sales tax, call us at 952-831-2707 to complete your purchase.
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This program discusses, in a practical way, how an S Corporation shareholder calculates their stock and loan basis on Form 7203. Form 7203 is the IRS Form on which a shareholder is sometimes required to calculate their stock and loan basis. This topic is particularly important when an S Corporation 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
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Introduction to Form 7203
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Introduction to the calculation of stock basis
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Introduction to the calculation of loan basis
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Taxable and nontaxable S Corporation distributions to shareholders
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The election to reduce basis by deductible losses and expenses before reducing basis by nondeductible expenses
Learning objectives
-
Calculate an S Corporation shareholder's basis in his or her S Corporation shares on Form 7203
-
Understand and apply the S Corporation shareholder loan basis rules
Who should take this program?
- Any tax practitioner with S Corporations or S Corporation shareholders as clients
Pricing
|
Standard Member Fee |
$89.00
|
 Standard Nonmember Fee |
$89.00
|
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If your organization is exempt
from sales tax, call us at 952-831-2707 to complete your purchase.
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Area
of study
Taxation
Field(s)
of study
Taxes - Technical (2.0)
Level
Intermediate
Format
Self-study - On-Demand
Sponsor
NASBA ID#: 103212
Prerequisites
Prereq.
Basic understanding of tax rules relating to S Corporations and S Corporation shareholders
Advance
prep
None
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