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A detailed analysis of the calculations related to determining an S shareholder's tax basis for S corporation shares using the Form 1120S, Schedule K-1 information. An illustrative example will demonstrate how the process works, as well as the many potential pitfalls.
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12/26/2016
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When:
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12:00 PM - 2:00 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
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« Go to Upcoming Event List
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| Acronym |
TDSCH2 |
| CPE |
2 hours
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Category
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Taxation
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| Level |
Intermediate
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| Vendor |
CPA Crossings, LLC
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| Who should attend |
Federal Tax Workshops, Inc.
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Prerequisite
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None
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| Fees: |
Early Bird
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Standard
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| Member |
N/A
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$79 |
| Non-Member: |
N/A
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$79 |
Description
A detailed analysis of the calculations related to determining an S shareholder's tax basis for S corporation shares using the Form 1120S, Schedule K-1 information. An illustrative example will demonstrate how the process works, as well as the many potential pitfalls.
Specific topics include:
- Discusses the calculation of basis when the entity is formed including the impact of contributed property.
- Explains the importance of shareholder loans to the entity.
- Uses a comprehensive example to illustrate the mechanics of the basis determination process
- Discusses how basis is impacted by distributions of corporation property.
- Explains how basis is impacted by sale and/or liquidation of the S corporation interest.
Objectives
- To provide a thorough review and update of the tax issues related to S corporation owner's basis from formation through operations and concluding with sale and/or liquidation
REGISTER HERE
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