New Search

Overview

2.0 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.

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 Topics

  • 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

Designed For

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

Prerequisite

Basic understanding of tax rules relating to S corporations and S corporation shareholders
Add to Cart

You will receive an email from Surgent CPE with instructions to view this on-demand webcast.