Webinar: S Corporations: Calculating Shareholder Basis

WC422 | 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 knowledge of S Corporations and taxes

Highlights

The major topics that will be covered in this course include:

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
Schedule K-1 Basis and Form 7203
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

After attending this presentation, you will be able to...

Identify the tax issues related to S corporation owner's basis for shares and loans from formation through operations
Determine strategies of a sale and/or liquidation
Analyze how S corporation losses impact Form 1040 Schedule E-reporting

Preparation

None

Notes

Webinar Day - HELP and Assistance Instructions

The session will open 30 minutes prior to the start time. At that time, you will receive a reminder email bringing you to your Attendee Dashboard and a link to join the webinar.
We recommend you log in early to ensure you are ready to go when the presentation begins.
IF YOU ARE HAVING TROUBLE LOGGING INTO THE WEBINAR, please call the CPA Crossings Customer Service Team at (877)-370-2220 Ext. #1.

Prices

Member (Early Bird): $89.00
Non-Member (Early Bird): $89.00

Member: $89.00
Non-Member: $89.00

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