Surgent's Understanding S Corporation Taxation: Shareholder Basis, AAA and Retained Earnings
Friday, July 18, 2025
Noon-2 p.m. Central
2 CPE (2 technical) | 2 IRS CE
Course code: 25WS-0608
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Even though they have been around for several years, the tax laws pertaining to S corporations remain some of the more difficult areas of the Internal Revenue Code. Given the rising popularity of S corporations, understanding how shareholder basis and the equity section of the balance sheet work together for tax purposes is imperative for nearly any tax practitioner. In this course, we will discuss this relationship. Using examples and illustrations, we will show how contributions, operating transactions, and distributions affect shareholder basis as well as equity.
Major subjects
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S corporation earnings layers
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Observations on earnings layers
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S corporation basis calculation
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IRC 351 transactions
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Four loss tiers
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Appreciated property distributions
Learning objectives
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Recognize the formula for calculating S corporation shareholder basis
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Identify the items of income and deduction that are allocated to AAA, PTI, AE&P, and OAA
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Calculate the tax effects of a distribution on shareholder basis and AAA
Who should take this program?
- CPAs and tax practitioners who work with S corporation business clients and S corporation shareholders
Pricing
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