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Thursday, August 20, 2020 Webcast

S Corporations: How to Calculate the Shareholder's Basis (X2-15860)

12:30 PM - 2:30 PM EDT
webcast

Webcast

2.0 CPE Credits in TX

OVERVIEW

A detailed analysis of the calculations related to determining an S shareholder's tax basis for S corporation shares using the Form 1120S, Schedule K-1 information. An illustrative example demonstrates how the process works, as well as the many potential pitfalls.

DESIGNED FOR

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

BENEFITS

To provide a thorough review and update of the tax issues related to S corporation owner's basis from formation through operations and concluding with sale and/or liquidation.

HIGHLIGHTS

  • Discusses the calculation of basis when the entity is formed including the impact of contributed property.
  • Explains the importance of shareholder loans to the entity.
  • Uses a comprehensive example to illustrate the mechanics of the basis determination process.
  • Discusses how basis is impacted by distributions of corporation property.
  • Explains how basis is impacted by sale/or liquidation of the S corporation interest.
  • Shows how to get from the Schedule K-1 information to the basis calculations.

COURSE LEVEL

Intermediate

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Steven Dilley

Steven C. Dilley, CPA, J.D., Ph.D.

PRICING

$69.00 - Member

$79.00 - Non Member

$0.00 - Student Member

$0.00 - CPA Candidate Member

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

CPA Crossings