This program addresses the critical issues and special opportunities facing S-corporations, with a focus on reporting shareholder basis and distributions. *Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to terri.storer@acpen.com
Learning Objectives
Apply the latest tax rules and regulations of S-corporations Identify shareholder basis and how to report it Identify planning opportunities and potential pitfalls when preparing S corporation client returns
Major Topics
Basis of stock and debt Form 1040, Schedule E Shareholder basis of indebtedness Limitation of deduction of losses AAA and distributions
