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Webinar (CPA Crossings): S Corporations: How to Calculate Shareholder Basis

Description

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

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives

After attending this presentation you will be able to…

  • Distinguish the tax issues related to S corporation owner’s basis for shares and loans from formation through operations
  • Determine strategies of a sale and/or liquidation
  • Analyze how S corporation losses impact Form 1040 Schedule E-reporting
Major Topics

The major topics covered in this class include:

  • Analyzes the calculation of basis when the entity is formed including the impact of contributed property
  • Determine the importance of shareholder loans to the entity
  • Uses a comprehensive example to illustrate the mechanics of the basis determination process
  • Calculate how basis is impacted by distributions of corporation property
  • Identify how basis is impacted by sale/or liquidation of the S corporation interest
  • Determine how to get from the Schedule K-1 information to the basis calculations
Provider
CPA Crossings, LLC
Course Level
Intermediate
CPE Field of Study
Taxes
2
Who Should Attend

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

Instructor(s)
Steve Dilley
Prerequisites

Basic working knowledge of S corporation taxation.

Advanced Preparation

This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Location
Webinar
Event Information
When
Sep 9, 2022
11:30 am - 1:30 pm MDT
Location
Webinar
Total CPE Credits
2
Format
Webinar

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$ (% off)
$79.00

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$ (% off)
$103.00
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Webinar (CPA Crossings): S Corporations: How to Calculate Shareholder Basis


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