Guide to Calculating S Corporation Stock Basis and Creating and Maintaining Basis Worksheets (2 hours)

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Jul 14, 2020

Registration: 6:30 AM / Program: 7:00 AM - 9:00 AM Pacific Time

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

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.

Designed For

Any tax practitioner with S corporations or S corporation shareholders as clients

Objectives

  • How to calculate an S corporation shareholder's basis in his or her S corporation shares
  • Understand and apply the S corporation shareholder loan basis rules

Major Subjects

  • 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

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.