NSA ConnectED Webinar -Basis, Basis, Basis for S-Corp Shareholders

When:  Dec 17, 2015 from 02:00 PM to 03:00 PM (ET)

Do you prepare tax returns for S-Corporations or for S-Corporation shareholders? You will not want to miss this session!

One of the biggest challenges we face in preparing those tax returns is the calculation of shareholder basis. In this course, you will learn how profits and losses, distributions, dividends and shareholder loans affect basis. What about losses that are limited by basis, and when can you deduct suspended losses? How do you calculate inside and outside basis?

We will go through calculations and help you establish a solid process for establishing basis for your S-Corporation and shareholder tax clients.

Learning Objectives:
Upon completion of this course, you will be able to:

  • Define shareholder basis and how it is calculated
  • Determine the impact of shareholder loans and distributions on basis
  • Identify when deductable losses are limited by basis
  • Recognize the importance of tracking shareholder basis

NASBA CE: 1 Hour/Taxes
IRS CE: 1 Hour/Federal Tax Law

Presented by Kathy Hettick, EA, ABA, ATP and Gene Bell, EA, ATA, CFP

NSA ConnectED Webinar Series
Program Level: Basic
Prerequisites
: None
Advance Preparation: None
Delivery Method: Group-Internet Based

No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.

NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

The National Society of Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

NSA has been approved by the California Tax Education Council to offer the above courses to go towards the annual "continuing education" requirement imposed by the state of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone at (877) 850-2832, or on the Internet at www.ctec.com.


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