Shareholder Contributions, Loans, Receivables, and Distributions
S corporation shareholders both give and take money and property to their business. When advising S corp clients, it’s important to understand the various contributions and distributions the shareholders can take. In this webinar, you’ll learn the effects of contributions and distributions from S corporations. You’ll also be guided through how to report these contributions and distributions on an S corp client’s return. The webinar also addresses the ongoing debate of whether or not shareholder accounts receivable are bona fide debts or if they are really a distribution.
Upon completion of this course, you will be able to:
- Correctly report shareholder contributions.
- Correctly report distributions of assets and property to shareholders.
- Apply the arguments regarding the treatment of shareholder accounts receivable to clients’ situations.
This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Q&A transcript. CPE is issued after exam is successfully completed.
Genaro Cardaropoli, CPA