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DTSTAMP:20260506T051652
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DTSTART:20251126T140000Z
DTEND:20251126T160000Z
UID:408588
SUMMARY:Surgent's Understanding S Corporation Taxation: Shareholder Basis, AAA, and Retained Earnings (SCB2)
LOCATION:Webinar
DESCRIPTION:Surgent's Understanding S Corporation Taxation: Shareholder Basis, AAA, and Retained Earnings (SCB2)\n\n11/26/25 08:00 AM CST\n - 11/26/25 10:00 AM CST\Description:\nEven though they have been around for several years, the tax laws pertaining to S corporations remain some of the more difficult areas of the Internal Revenue Code. Given the rising popularity of S corporations, understanding how shareholder basis and the equity section of the balance sheet work together for tax purposes is imperative for nearly any tax practitioner. In this course, we will discuss this relationship. Using examples and illustrations, we will show how contributions, operating transactions, and distributions affect shareholder basis as well as equity.Objectives:
 Recognize the formula for calculating S corporation shareholder basis
 Identify the items of income and deduction that are allocated to AAA, PTI, AE&P, and OAA
 Calculate the tax effects of a distribution on shareholder basis and AAA
 Presenters:Dave Peters, CPA, CFP, CLU, CPCU, MST, MBAField of Study:Taxes (2)Major Topics:
 S corporation earnings layers
 Observations on earnings layers
 S corporation basis calculation
 IRC 351 transactions
 Four loss tiers
 Appreciated property distributions
 \Location:\nWebinar\n\n,
X-ALT-DESC;FMTTYPE=text/html:Surgent's Understanding S Corporation Taxation: Shareholder Basis, AAA, and Retained Earnings (SCB2)<br /><br />11/26/25 08:00 AM CST - 11/26/25 10:00 AM CST<br />Description:<br />Even though they have been around for several years, the tax laws pertaining to S corporations remain some of the more difficult areas of the Internal Revenue Code. Given the rising popularity of S corporations, understanding how shareholder basis and the equity section of the balance sheet work together for tax purposes is imperative for nearly any tax practitioner. In this course, we will discuss this relationship. Using examples and illustrations, we will show how contributions, operating transactions, and distributions affect shareholder basis as well as equity.<br><br><b>Objectives:</b><br><ul>
    <li>Recognize the formula for calculating S corporation shareholder basis</li>
    <li>Identify the items of income and deduction that are allocated to AAA, PTI, AE&amp;P, and OAA</li>
    <li>Calculate the tax effects of a distribution on shareholder basis and AAA</li>
</ul><br><b>Presenters:</b><br>Dave Peters, CPA, CFP, CLU, CPCU, MST, MBA<br><br><b>Field of Study:</b><br>Taxes (2)<br><br><b>Major Topics:</b><br><ul>
    <li>S corporation earnings layers</li>
    <li>Observations on earnings layers</li>
    <li>S corporation basis calculation</li>
    <li>IRC 351 transactions</li>
    <li>Four loss tiers</li>
    <li>Appreciated property distributions</li>
</ul><br />Location:<br />Webinar<br /><br />,  
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