This program addresses the critical issues and special opportunities facing S-corporations, with a focus on reporting shareholder basis and distributions.
**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.
DESIGNED FOR
Experienced practitioners with S-corporation clients and members in industry working for an S-corporation
BENEFITS
- Apply the latest tax rules and regulations of S-corporations
- Identify shareholder basis and how to report it
- Distinguish and define complex S-corporation issues
HIGHLIGHTS
- Recent tax legislation, rules, and developments impacting S-corporations, including TCJA and COVID-19 related provisions
- Reporting on Schedule E
- S corporation basis in stock and debt
- Shareholder basis
- Basis of indebtedness
- S corporation open account debt
- Limitation of deduction of losses
- AAA and distributions
COURSE LEVEL
Intermediate
PREREQUISITES
Basic working knowledge of S-corporations
ADVANCE PREPARATION
None
ADDITIONAL NOTES
IRS Program Number: 90EKV-T-00380-21-O. Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).