Description
Please note: This course must be completed by Wednesday, April 30, 2025 at 11:59 pm ET. Please complete the course AND submit credit before the deadline. Save a copy of your Certificate of Completion for your records. Once submitted, your CPE hours will also reflect in your official CPE transcript.
This course discusses the calculation of basis when the entity is formed, including the impact of contributed property * Importance of shareholder loans to the entity * How basis is impacted by distributions of corporation property and the sale/liquidation of the S-corporation interest * How S-corporation losses impact Form 1040 Schedule E reporting * How to get from the Schedule K-1 information to the basis calculations * Uses a comprehensive example to illustrate the mechanics of the basis determination process.
Event Level: Intermediate
Who Should Attend: CPAs working in public accounting firms and/or working for S-corporations
Required Knowledge: Basic working knowledge of business taxation
Advanced Preparation: None
Vendor: Federal Tax Workshop
Speaker: Dilley, Steve
Objective
Identify the tax issues related to S-corporation owner's basis for shares and loans from formation through operations and concluding with sale and/or liquidation
Credit Types
- Taxes: 2
Event Speaker(s)
- Enrolled Agent
Registration Fees
| Registration | Type | Price |
|---|---|---|
| On Demand (2 hours) | Members | $100.00 |
| On Demand (2 hours) | Non Members | $225.00 |
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.