Webinar: 2024 S Corporations: How to Calculate Shareholder Basis

WB5297  |  Course  |  Intermediate  |  Scheduled

Description

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

Credits

Number of Credits Type of Credits
2.00 Taxes

Designed For

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

Prerequisites

Basic working knowledge of business and S corporation taxation

Highlights

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
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

Objectives

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

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)
$79.00
Non-Member (Early Bird)
$109.00
Member
$79.00
Non-Member
$109.00
Your Price: $109.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.

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