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S & C Corp Shareholder Basis On-Demand Webinar

Summary

When preparing returns for clients with S and C corporations, there are a few things to keep in mind. For example, while technically it is the shareholder’s responsibility to keep track of their basis in corporation stock, tax preparers will evidently have to use that amount to determine tax consequences of distributions. If your client doesn't keep track of it, the code presumes the basis to be zero, which means you can’t assume their stock basis is equal to retained earnings. Instead of gambling on their calculations, you can learn to tackle them yourself through this webinar, which will help you learn to calculate corporation basis through the use of special case studies.

Objectives

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

  • Identify initial basis in S corporation stock.
  • Identify adjustments to S corporation stock basis.
  • Identify basis in C corporation stock.
  • Identify adjustments to C corporation stock basis.

Course Details

This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Attendee Top Questions. CPE is issued after exam is successfully completed.






   

Presented by: Randy Lawshé, EA

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