Surgent's Guide to Calculating S Corporation Stock Basis and Creating and Maintaining Basis Worksheets (CSSB)

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.

Date/Time

Wednesday, January 27, 2021
Registration Time: 12:00pm
12:00pm – 2:00pm

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Course Type

On-line Live Vendors

CPE Credit

2.00 hours CPE credit

Field of Study

Taxation

Level of Knowledge

Intermediate

Designed For

Any tax practitioner with S corporations or S corporation shareholders as clients

Vendor

Surgent McCoy CPE, LLC

Prerequisites

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

Advanced Preparation

None

Highlights

  • 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

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

Location

N/A (This is a webcast)
Member Fee $89.00
Non-Member Fee $89.00
Your Price $89.00
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