S Corporations: How to Calculate the Owner's Basis in S Corporation Stock Webinar

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 and/or liquidation of the S corporation interest.
• Shows how to get from the Schedule K-1 information to the basis calculations.