Help  |  Pay an Invoice  |  My Account  |  CPE Log  |  Log in

22WS-0200: Surgent's Guide to Calculating S Corporation Shareholder Stock and Loan Basis (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Tuesday, May 31, 2022
12:00pm - 2:00pm Central Time
2 CPE (2 technical)  |  2 IRS CE

Alternate dates & more options

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 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 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

  • Introduction to Form 7203
  • Introduction to the calculation of stock basis
  • Introduction to the calculation of loan basis
  • Taxable and nontaxable S Corporation 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 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

Fees

Our records indicate you are a nonmember. If you register, you will be charged $99.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $99.00
checkmark Standard Nonmember Fee $99.00

More program information

Instructor Michael Tucker, PhD, LLM, JD, CPA
Location Online
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (2.0)
Level Intermediate
Format Group Internet Based
Sponsor Surgent
NASBA ID#: 103212
Prerequisites Prereq. Basic understanding of tax rules relating to S Corporations and S Corporation shareholders
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

Not a member? Join the MNCPA to start saving on CPE and accessing members-only benefits.

Search CPE catalog

If you have questions about this event, please call us at 952-831-2707.