Guide to Calculating S Corporation Stock Basis and Creating and Maintaining Basis Worksheets (WEBS0770)

Friday, January 26, 2018 | 1:00 PM - 3:00 PM (Registration at 12:30PM) EST |

Description

This program discusses, in a practical way, how an S corporation shareholder calculates his or her stock and loan basis. This topic is particularly important when an S corporation has a loss and the shareholders wish to know whether they are entitled to fully utilize the loss that has been allocated to them against their other income.

Objectives

  • How to calculate an S corporation shareholder's basis in his or her S corporation shares
  • Understand and apply the S corporation shareholder loan basis rules

Cost

Standard Registration: $89 SCACPA Members, $109 Non-Members

Major Topics

  • How to determine S corporation shareholder stock and loan basis
  • The positive and negative basis adjustments S corporation shareholders make--and the order in which they are made
  • The election to reduce basis by deductible losses and expenses before reducing basis by nondeductible expenses
  • Shareholder loan basis rules

DETAILS

Course Code:
WEBS0770

Credits:
2.00 Taxation

Field of Study:
Taxation

Vendor:
Surgent McCoy CPE, LLC

Course Type:
Webinars/Webcasts

Level:
Intermediate

Prerequisite:
Basic understanding of tax rules relating to S corporations and S corporation shareholders

Advanced Preparation:
None

 

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