Webinar

S Corporations: Calculating Shareholder Basis

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A detailed analysis of the calculations related to determining a shareholder's tax basis for S corporation shares and loans. How to use the Form 1120S, Schedule K-1 information for basis determination. An illustrative example demonstrates how the process works, as well as the many potential pitfalls.

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

• Discuss the calculation of basis when the entity is formed including the impact of contributed property.
• Explain the importance of shareholder loans to the entity.
• Uses a comprehensive example to illustrate the mechanics of the basis determination process.
• Schedule K-1 Basis and Form 7203.
• Discuss how basis is impacted by distributions of corporation property.
• Explain how basis is impacted by sale/or liquidation of the S corporation interest.
• Discuss how S corporation losses impact Form 1040 Schedule E reporting.
• Show how to get from the Schedule K-1 information to the basis calculations

Learning objectives

• Identify the tax issues related to S corporation owner's basis for shares and loans from formation through operations.
• Determine strategies of a sale and/or liquidation.
• Analyze how S corporation losses impact Form 1040 Schedule E-reporting

Who should take this program?

• CPAs working in public accounting firms and/or working for S corporations.

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $89.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.

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