Webinar: 2024 S Corporation Checkup: Key Tax Issues & Forms Reporting
WB5442 | 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 |
|---|---|
| 4.00 | Taxes |
Designed For
CPAs working in public accounting firms and/or working for an S corporation
Prerequisites
Basic working knowledge of 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
Schedules K-2 and K-3
Discuss how basis is impacted by distributions of corporation property
Explain how basis is impacted by sale/or liquidation of the S corporation interest
S corporation losses and how they impact Form 1040 Schedule E reporting
Show how to get from the Schedule K-1 information to the basis calculation
Objectives
Apply recent legislative development impacting S corporations and their shareholders
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)
- $129.00
- Non-Member (Early Bird)
- $159.00
- Member
- $129.00
- Non-Member
- $159.00