S Corporations: How to Calculate Shareholder Basis
Wednesday, Feb. 4, 2026
10-11:55 a.m. Central
2 CPE (2 technical) | 2 IRS CE
Course code: 25WA-989C
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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 Form 1120S, Schedule K-1 information for basis determination. An illustrative example demonstrates how the process works, as well as the many potential pitfalls.
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
Major subjects
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Discuss the calculation of basis when the entity is formed including the impact of contributed property
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Explain the importance of shareholder loans to the entity
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Uses a comprehensive example to illustrate the mechanics of the basis determination process
Learning objectives
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Identify the tax issues related to S corporation owner's basis for shares and loans from formation through operations and concluding with sale and/or liquidation
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Identify planning opportunities and potential pitfalls
Who should take this program?
- CPAs working in public accounting firms and/or working for S corporations
Pricing
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$79.00
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