Surgent’s Guide to Calculating S Corporation Shareholder Stock and Loan Basis
Description
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.
Objective
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
Advanced Preparation
None
Required Knowledge
Basic understanding of tax rules relating to S corporations and S corporation shareholders
Who Should Attend
Any tax practitioner with S corporations or S corporation shareholders as clients
Credit Types
- CPE – Taxes
- Enrolled Agent
Registration Fees
| Registration | Type | Price |
|---|---|---|
| WRS34826: Registration – Member | Mem | $105 |
| WRS34826: Registration – Non-Member | NM | $230 |
The North Carolina Association of Certified Public 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.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.