Webinar: 2024 Partnerships and S Corporations: How to Calculate Basis
WB5103 | Course | Intermediate | Scheduled
Description
The IRS has recently increased the pressure on how to calculate and report partner and shareholder basis. Changes in the forms reflect these developm
Credits
| Number of Credits | Type of Credits |
|---|---|
| 4.00 | Taxes |
Designed For
CPAs working in public accounting firms and/or working for partnerships or S corporation
Prerequisites
Basic working knowledge of partnership and S corporation taxation
Highlights
Calculation of basis when the entity is formed, including the impact of contributed property
How to calculate partnership tax basis capital accounts
Explains the use of both "inside" and "outside" basis determination
Clarifies the how partnerships and S corporations debt impacts tax basis
Discusses how distributions affect basis
Explains how basis is impacted by sale and/or liquidation of the partnership or S-corporation interest
Discusses how S corporation losses impact Form 1040 Schedule E reporting
Objectives
Identify the tax issues related to LLC members/partners basis from formation through operations and concluding with sale and/or liquidation
Identify the tax issues related to S corporation owner's basis for shares and loans from formation through operations and concluding with sale and/or liquidation
Understand potential pitfalls and planning strategies
Preparation
None
Notes
This webcast is provided by ACPEN. After registering for the course, you will receive an email from ACPEN with instructions for logging in to the webcast and obtaining your eMaterials.
Prices
- Member (Early Bird)
- $129.00
- Non-Member (Early Bird)
- $159.00
- Member
- $129.00
- Non-Member
- $159.00