S Corp Stock and Debt Basis FLEXCAST
Available Until
Your Desk
3.0 Credits
Member Price $147.00
Non-Member Price $169.00
Overview
This course deals with some of the changes coming out to the W2 regarding proposed additional form 7203. It also covers understanding the importance of basis, why it matters, and how we can plan around it. Should we be making that election at the entity level to have distributions come out of earnings and profits first instead of AAA? Such items and questions are addressed in Chris Province’s newest basis training.
Highlights
Annual Basis Adjustments. Deducting Losses. TC Summary Opinion 2017-9 (Tinsley). Accumulated Adjustments Account. Limits - NOLs, PALs and Basis. CCA 201446021. Election to Distribute E&P before AAA. Form 7203.
Prerequisites
None.
Designed For
CPAs, financial professionals, enrolled agents and attorneys.
Objectives
S Corporation Basis including stock basis and debt basis. S Corporation Schedule M-2 including- AAA, OAA, PTI. S Corporation distributions. Tax compliance and tax planning opportunities.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Robert Province, The Tax U
Robert C. Province is a CPA in private practice in Southern California. He is a highly motivated seminar leader, known for his ability to connect with seminar attendees to ensure their understanding of complex material. He is the recipient of the 2002 Award for Instructor Excellence awarded by the California CPA Education Foundation. Robert has been in public accounting since 1987 specializing in tax, accounting, and management advisory services for closely held businesses and individuals. He sharpened his skills working as a senior member of several local and national CPA firms and served as an Adjunct Professor of Accounting and Taxation at College of the Canyons. Robert earned his Bachelor of Science in Accounting and Finance from California State University Northridge and is a Certified Public Accountant in California and North Carolina.
Non-Member Price $169.00
Member Price $147.00