S Corporations: How to Calculate the Shareholder's Basis

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
Return to Webinars List

Friday, Dec 6, 2019
10:30am – 12:30pm

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 demonstrates 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 during 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 demonstrates 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 during 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/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.

You may also be interested in:

New England Practice Management Conference 17.00 credits

Wednesday, Nov. 18th 2020 | Mashantucket 17.00 credits
View Details

Karter Kup Tennis Tournament 0.00 credits

Thursday, Aug. 20th 2020 | Newport 0.00 credits
View Details