S Corporations: How to Calculate the Owner's Basis in S Corporation Stock

The start date for this course has passed. Registration is no longer available.

This course is 2.00 credits
Instructor
Steven C. Dilley, CPA, JD, PhD
Field of Study
Tax
Course Level
Intermediate
Vendor
CPA Crossings LLC

Instructor

Steven C. Dilley, CPA, JD, PhD

Registration Fees

MSCPA-AICPA Member
$79.00
MSCPA Member
$79.00
AICPA Member
$79.00
Non-Member
$79.00
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Thursday, Feb 1, 2018
10:00am – 12:00pm

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A detailed analysis of the calculations related to determining an S shareholder's tax basis for S corporation shares using the Form 1120S, Schedule K-1 information. An illustrative example will demonstrate how the process works, as well as the many potential pitfalls. This course qualifies for PTIN credit. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions either during or after the event.
A detailed analysis of the calculations related to determining an S shareholder's tax basis for S corporation shares using the Form 1120S, Schedule K-1 information. An illustrative example will demonstrate how the process works, as well as the many potential pitfalls. This course qualifies for PTIN credit. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions either during or after the event.

Designed For

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

Course Objectives

To provide a thorough review and update of the tax issues related to S corporation owner's basis from formation through operations and concluding with sale and/or liquidation.

Major Subjects

  • Discusses the calculation of basis when the entity is formed including the impact of contributed property.
  • Explains the importance of shareholder loans to the entity.
  • Uses a comprehensive example to illustrate the mechanics of the basis determination process.
  • Discusses how basis is impacted by distributions of corporation property.
  • Explains how basis is impacted by sale and/or liquidation of the S corporation interest.
  • Shows how to get from the Schedule K-1 information to the basis calculations.

Prerequisites

None

The start date for this course has passed. Registration is no longer available.