0 item(s) ($0.00)
Self-Study Categories
Event Details

Event Registration - Webinar (CA): Stock & Debt Basis Calculations for S Corporation Shareholders

http://www.cocpa.org/images/cocpa/storeicons/new.png
Date:
Friday, November 17, 2017
Time:
11:00 AM - 1:00 PM Mountain Standard Time
Notes: This webinar is produced by California Ed Foundation. You will receive login instructions for your webinar at least two business days prior to the program date. Please note that these instructions will be sent by CALEd along with your CPE certificate upon completion of the webcast.
Overview:

Get up to speed quickly in the area of basis calculations and distribution planning for the owners of an S corporation.

Materials are provided as an ebook for this course.

Major Subjects:
  • Line-by-line analysis of the Schedule K-1 to determine how the items affect a S shareholder’s stock and debt basis and where the items get reported on Federal individual income tax return
  • The three loss and deduction limitations on the owner’s individual income tax return (i.e. basis, at-risk and other Form 1040 limitations)
  • How cash or non-cash distributions affect the basis calculations and whether or not they are taxable to the owners
  • Calculating the tax treatment of the sale of a shareholder’s stock in a S corporation
  • What constitutes debt basis for a S corporation shareholder under the final regulations
  • The tax ramifications of repaying loans to S corporation shareholders and on open account debt
Objective:
  • List the 3 main reasons for calculating a shareholder’s basis in a S corporation
  • Calculate the stock and debt basis for S corporation shareholders
  • Review the Form 1120S Schedule K-1 to determine how the line items affect basis calculations and get reported on the individual owner’s Form 1040
Designed For:

Tax professionals that need an in-depth training on basis calculations and distributions rules for S-Corporations shareholders.

Prerequisites:

Basic understanding of individual income taxation.

Advance Preparation:

None.

Vendor:CalCPA Education Foundation
Level:Intermediate
Member/Nonmember Fees:60 / 94
CPE:Taxes 2 hour(s)
Yellow Book Credit:No
J Patrick Garverick, CPA, MT, CFP
Garverick Province LLC

Address:
Webinar
Cancel/Transfer Policy

Cancellation or transfer requests made six(6) business days or more prior to the program, no fee assessed.

Cancellation or transfer requests made two(2) to five(5) business days prior to the program, $25 fee assessed.

Cancellation or transfer requests made one business day prior to the program, $50 fee assessed.

Day of program or no notice of cancellation, 100 percent course fee assessed.

If you transfer from an in-person class course to a webcast, the above policies apply.

Remember, the COCPA reserves the right to cancel a course seven days prior to the program date. Please keep this cancellation policy in mind when making your travel plans and airline reservations. The COCPA will not be liable for flight cancellation penalties due to our cancellation.

To cancel or transfer a course, please contact the Member Services department at 303-773-2877 or 800-523-9082.

You must be logged in to register. After logging in your browser will return to this page.