May 26, 2026


Livestream

AND

In-Person

MSCPA Center
306 Southampton Row, Ridgeland, Madison County, Mississippi 39157


8 CPE Credits

Surgent's Handbook for Mastering Basis, Distributions, and Loss Limitation Issues for S Corporations, LLCs, and Partnerships

May 26, 2026
In Person + Online
8 CPE Credits

Surgent's Handbook for Mastering Basis, Distributions, and Loss Limitation Issues for S Corporations, LLCs, and Partnerships

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    Instructor

    Bill
    Taylor

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Learning Objectives

  • Determine initial basis and organizing tax-free under §351 and §721 
  • Understand what affects basis and how to treat distributions
  • Pass the four loss limitation hurdles to deduct pass-through losses

Major Topics

  • Timely coverage of breaking tax legislation 
  • Applicable coverage of any basis considerations within any recent tax legislation   
  • Passthrough basis calculations required as attachments to certain individual returns 
  • Executor’s form for disclosing basis in certain distributed property; what about the basis of a property distribution from a trust?  
  • How §179 limitations affect basis and how tax-benefit rule is applied  
  • Basis implications of personal assets converted to business use  
  • How to calculate basis of inherited qualified and joint tenancy property  
  • Tax basis capital account reporting requirements

CPE Credits Available

8 CPE Credits
8
Taxation

MSCPA Center

306 Southampton Row, Ridgeland, Madison County, Mississippi 39157

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Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Basis limitations
  • Loss Limitations
  • Pass Throughs

Prerequisites

Experience in business taxation

Advanced Preparation

None

Intended Audience

Accounting and Financial Professionals who prepare both individual and flow-through business entity tax returns and need a thorough grasp of these significant issues. This course is a must to help reduce and avoid this exposure to malpractice.

Provider

Surgent

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