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S Corporations: How to Calculate the Owner's Basis in S Corporation Stock FTDSCH2
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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.

 Export to Your Calendar 12/26/2017
When: 3:00 PM to 5:00 PM
Where: Webinar/Webcast
United States
Presenter: Steven C. Dilley, CPA, JD, PhD
Contact: April Deneault
801-466-9220
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Taxation

Field of Study

Taxation

Credit:  2

Level:  Intermediate

Designed for:

CPAs working in public accounting firms and/or working for S corporations.

Objective

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.

Description

  • 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.
  • Shows how to get from the Schedule K-1 information to the basis calculations.

Price:  $79.00

Link to register:  http://cpe.cpacrossings.com/FTDSCH2?partner=uacpa

Event Code:  8311

Keywords:

Form 1120S Schedule K-1 Contributed Property S Corporations

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