S Corporation Essentials: Stock & Loan Basis Reporting

Description

This program addresses the critical issues and special opportunities facing S-corporations, with a focus on reporting shareholder basis and distributions. 

*Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to terri.storer@acpen.com

Highlights

	
• Basis of stock and debt
	
• Form 1040, Schedule E
	
• Shareholder basis of indebtedness
	
• Limitation of deduction of losses
	
• AAA and distributions

Objectives

	
• Apply the latest tax rules and regulations of S-corporations
	
• Identify shareholder basis and how to report it
	
• Identify planning opportunities and potential pitfalls when preparing S corporation client returns

Designed For

Experienced practitioners with S-corporation clients and members in industry working for an S-corporation