5/28/2024
12:00 PM - 2:00 PM Central

Register

Member:	$99.00
Non-Member:	$119.00

2 Credits

Webinars

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 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.

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

Presenters:
Mike Tucker, Ph.D., LL.M., J.D., CPA
Bob Lickwar, CPA

Field of Study:
Taxes (2)

Major Topics:

• 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

Webinar

Click on the icon next to the date(s) to add to your calendar:

5/28/2024

Click here to setup an email reminder for this event