S Corporations: Calculating Shareholder Basis (C67558)

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Cancellation Policy

Please note that this webinar Is from a third party vendor, CPA Crossings. We strongly recommend registering no later than one-hour before the webinar begins. Please contact CPA Crossings webinar hotline if you do Not receive your webinar invitation via email within five minutes after registering:  877-370-2220 ext. 1. Thank you.

Date(s):

04/26/2025

Registration Open:

12:00 AM - 8:30 AM

Time:

8:30 AM - 10:30 AM

Facility:

 Online

Meeting Type:

Webinars

CPE Credit:

2.00

Field(s) Of Study:

Taxes (2.00)

Level of Knowledge:

Intermediate

Price:

Member: $89.00
Nonmember: $109.00

Individual Discounts:

Not Available

Overview

After attending this presentation, you will be able to...

  • Identify 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

Highlights

The major topics that will be covered in this course include:

  • Discuss the calculation of basis when the entity is formed including the impact of contributed property
  • Explain the importance of shareholder loans to the entity
  • Uses a comprehensive example to illustrate the mechanics of the basis determination process
  • Schedule K-1 Basis and Form 7203
  • Discuss how basis is impacted by distributions of corporation property
  • Explain how basis is impacted by sale/or liquidation of the S corporation interest
  • Discuss how S corporation losses impact Form 1040 Schedule E reporting
  • Show how to get from the Schedule K-1 information to the basis calculations

Speaker(s)

Prerequisites

Basic knowledge of S Corporations and taxes