New
21WX-2743: S Corporations: How to Calculate Shareholder Basis (Webinar)
If you have questions about this event, please call us at 952-831-2707.
Wednesday, January 19, 2022
1:00pm - 3:00pm Central Time
2 CPE (2 technical)
This program provides a detailed analysis of the calculations related to determining a shareholder's tax basis for S corporation shares and loans, with a focus on how to use the Form 1120S, Schedule K-1 information for basis determination. An illustrative example will demonstrate how the process works. The many potential pitfalls will also be addressed. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Major subjects
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The major topics covered in this class include:
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How to calculate basis when the entity is formed
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Impact of contributed property
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Explanation of the importance of shareholder loans to the entity
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Comprehensive example of the mechanics of the basis determination process
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How basis is impacted by distributions of corporation property
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How basis is impacted by the sale/liquidation of S corporation interest
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How S corporation losses impact Form 1040, Schedule E reporting
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Illustration of how to get from the Schedule K-1 information to the basis calculation
Learning objective(s)
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Understand the tax issues related to S corporation owner's basis for shares and loans
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Relate these issues to formation through operations and sale and/or liquidation
Who should take this program?
CPAs working in public accounting and/or working for an S Corporation.
Fees
Our records indicate
you are a
nonmember.
If you register, you will be charged
$79.00
(Standard Nonmember Fee).
Members: Please
log in
to receive member fee.
|
Standard Member Fee |
$79.00
|
 Standard Nonmember Fee |
$79.00
|
