S Corporations: Calculating Shareholder Basis
Saturday, April 26, 2025
8:30-10:30 a.m. Central
2 CPE (2 technical)
Course code: 25WX-0330
View pricing
Online registration is not available due to server maintenance.
Please call 952-831-2707 between 7:30 a.m. and 4:30 p.m. Central to register.
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
|
Standard Member Fee |
$89.00
|
 Standard Nonmember Fee |
$89.00
|
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.
