Guide to Calculating S Corporation Stock Basis and Creating and Maintaining Basis Worksheets Webinar

Dec 2
10:00 - 12:00 p.m.

Online

2-Tax
CPE Credits

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. Discussion includes the new IRS requirements to disclose an S corporation shareholder’s basis under certain circumstances.
Highlights

The requirement to attach a basis schedule to the Form 1040 for an S corporation shareholder claiming a loss
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

Registration

PICPA Member: $89
Nonmember: $114

More Information

Course No. CSSB-2021-01-WEBNR-336-01 Level: Intermediate

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

Notes
This webinar is hosted by PICPA's partner, Surgent CPE. After registering, you will receive an email from Surgent CPE with the log-in information.