Handling Shareholder Basis On-Demand Online Workshop
4 CPE for AFSP, EA, CPA, CRTP
Register
Premium: $0 | Professional: $131 | Basic: $166 | Nonmember: $175
Summary
This workshop will dive into shareholder basis in S corporation holdings, including both stock and loan basis concepts and computations. You’ll be exposed to basis principals and the unique basis considerations for S corporation owners. Additionally, we’ll consider the sale of their S corporation stock and the sale of the S corporation as an asset sale. Finally, we’ll discuss the difficult issue of reverse-engineering basis when 100% accurate amounts cannot be found.
Objectives
Upon completion of this course, you will be able to:
- Calculate initial shareholder basis
- Describe the differences between stock basis and loan basis
- Calculate annual adjustments to shareholder stock and loan basis
- Establish basis on sale of the corporation (stock and asset sales)
- Reconstruct basis when records are sparce or non-existent
Course details
The workshop includes e-book, presentation slides and access to the workshop recording.
Presented by: Larry Zimbler, MST, EA
Course Year: 2024
Duration: 4 Credit Hours
Course Level: Intermediate
Prerequisite: Basic understanding of basis
Advanced Preparation: None
Delivery Method: QAS Self Study
| CPE Credits | Designation | Field of Study |
|---|
| IRS | 4
| AFSP | Federal Tax Law Topic |
| IRS | 4
| EA | Federal Tax Law Topic |
| NASBA | 4
| CPA | Taxes |
| CTEC | 4
| CRTP | Federal Tax Law Topic |
| CFP Board | 0 | CFP® | N/A |
How to earn CPE
To receive credit for this on-demand online workshop, you must make at least one attempt to answer each of the review questions included with the video. You must also successfully pass the course exam with a score of 70% or better. The course and exam will expire one year from the date of purchase.
Cancellation policy
Because this is an online education offering, it is nonrefundable.
