24SX-0113: S Corporations: How to Calculate Shareholder Basis (Self-Study)
Valid for one year from purchase date
Self-study - On-Demand
2 CPE (2 technical)
If the organization paying
for the purchase is exempt from sales tax, call us at 952-831-2707 to complete your purchase.
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A detailed analysis of the calculations related to determining an S shareholder's tax basis for S Corporation shares and loans. Learn 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.
Major subjects
-
Analyzes the calculation of basis when the entity is formed including the impact of contributed property
-
Determine the importance of shareholder loans to the entity
-
Uses a comprehensive example to illustrate the mechanics of the basis determination process
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Calculate how basis is impacted by distributions of corporation property
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Identify how basis is impacted by sale/or liquidation of the S Corporation interest
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Determine how to get from the Schedule K-1 information to the basis calculations
Learning objective(s)
-
Distinguish the tax issues related to S Corporation owner's basis for shares and loans from formation through operations
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Determine strategies of a sale and/or liquidation
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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.
Fees
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nonmember.
If you register, you will be charged
$58.00
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|
Standard Member Fee |
$58.00
|
 Standard Nonmember Fee |
$58.00
|
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (2.0)
Level
Intermediate
Format
Self-study - On-Demand
Sponsor
NASBA ID#: 108744
Prerequisites
Prereq.
Basic working knowledge of S Corporation taxation.
Advance
prep
None
If the organization paying
for the purchase is exempt from sales tax, call us at 952-831-2707 to complete your purchase.
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