Self-Study

Surgent's Guide to Calculating S Corporation Stock Basis and Creating and Maintaining Basis Worksheets (CSSB)

  • Tuesday, March 27, 2018 – Tuesday, April 30, 2019

  • 2
    CREDITS
    Taxes

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

Highlights

  • 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

Additional Information

Designed For

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

Vendor

Surgent

Advanced Preparation

None

Prerequisite

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

Field of Study

Taxes

Course Number

1825052

Level of Knowledge

Intermediate

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