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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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6/1/2018
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When:
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06/01/2018
12:00 PM until 2:00 PM
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Where:
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Webcast
SURGENT
CSSB-2018-01-WEBNR-152-01
Louisiana
United States
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Presenter:
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Mike Tucker, Ph.D., LL.M., J.D., CPA
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| Acronym |
XSCSSB118 |
| CPE |
2 hours |
| Vendor |
Surgent |
Category
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Tax
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| Level |
Intermediate |
| Prerequisite |
Basic understanding of tax rules relating to S corporations and S corporation shareholders |
| Adv Prep |
None |
| Yellow Book? |
No |
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| Registration Fees |
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| Members* |
$89 |
| CPA Non-Members |
$114 |
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*The member rate applies to LCPA members, other state CPA society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.
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Course 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.
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
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
Note: Login instructions will be provided by the webcast vendor (Surgent).
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