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.