Surgent's Guide to Calculating S Corporation Shareholder Stock and Loan Basis
Description
This program discusses, in a practical way, how an S corporation shareholder calculates their stock and loan basis on Form 7203. Form 7203 is the new IRS Form on which a shareholder is sometimes required to calculate their 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.
Highlights
- 

- Introduction to Form 7203 

- Introduction to the calculation of stock basis 

- Introduction to the calculation of loan basis 

- Taxable and nontaxable S corporation distributions to shareholders 

- The election to reduce basis by deductible losses and expenses before reducing basis by nondeductible expenses 

Objectives
- 

- Calculate an S corporation shareholder's basis in his or her S corporation shares on Form 7203 

- Understand and apply the S corporation shareholder loan basis rules 

Designed For
Any tax practitioner with S corporations or S corporation shareholders as clients
Registration for this course has passed.
Course Pricing
Member Fee
Applicable if you are a HSCPA member in good standing. |
$99.00 |
---|---|
Non-Member Fee
Applicable if you are not a HSCPA member. |
$149.00 |
Your Price | $149.00 |
CPE Choice
Learn more about CPE Choice.
This course does not qualify for CPE Choice.