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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.
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6/3/2016
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When:
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Friday, June 3, 2016
11:00 AM - 1:00 PM
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Where:
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Webinar/Webcast
United States
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Contact:
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April Deneault
801-466-8022
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Online registration is closed.
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« Go to Upcoming Event List
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| Acronym |
CSSB |
| CPE |
2 hours |
Category
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Taxes
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| Level |
Intermediate |
| Vendor |
Surgent |
| Who should attend |
Any tax practitioner with S corporations or S corporation shareholders as clients
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Prerequisite
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Basic understanding of tax rules relating to S corporations and S corporation shareholders
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| Fees: |
Early Bird
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Standard
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| Member |
N/A
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$89 |
| Non-Member: |
N/A
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$109 |
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The Member rate applies to UACPA members and reciprocal state society members. To register online, use the ‘Register’ button above. To register by phone, call the UACPA at 801.466.8022, Monday through Friday, 8am to 4pm.
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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.
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
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
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