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Guide to Calculating S Corporation Shareholder Stock and Loan Basis (CSSB)

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Live Webinar SELECT STARTING AT $99 (8 dates)

Credits: 2

Qualifies For: IRS CPE CTEC

Instructor(s): Mike Tucker, Ph.D., LL.M., J.D., CPA, Bob Lickwar, CPA

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Credits: 2

Qualifies For: IRS CPE

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I like the webinars with two people as they tend to work off of one another and are always informative. The supplemental handout was helpful.
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Guide to Calculating S Corporation Shareholder Stock and Loan Basis (CSSB)

  • Customer Rating
    (23)
  • Field of Study
    Taxes
  • Level
    Intermediate
  • Credits
    2
  • Qualifies for

    IRS CPE CTEC

Overview

This program discusses, in a practical way, how an S corporation shareholder calculates their stock and loan basis on Form 7203. Form 7203 is the IRS Form on which a shareholder is sometimes required to calculate their stock and loan basis. This topic is particularly important when an S corporation has a loss and the shareholders wish to know whether they are entitled to fully utilize the loss that has been allocated to them against their other income.

Major Topics:

  • Introduction to Form 7203
  • Introduction to the calculation of stock basis
  • Introduction to the calculation of loan basis
  • Taxable and nontaxable S corporation distributions to shareholders
  • The election to reduce basis by deductible losses and expenses before reducing basis by nondeductible expenses

Learning Objectives

  • Calculate an S corporation shareholder's basis in his or her S corporation shares on Form 7203
  • Understand and apply the S corporation shareholder loan basis rules

Designed for:

Any tax practitioner with S corporations or S corporation shareholders as clients

Prerequisite:

Basic understanding of tax rules relating to S corporations and S corporation shareholders

Advanced Preparation:

None

Interested in bringing this course into your firm?

PRIVATE WEBINARS AND LIVE ON-SITE COURSES ARE AVAILABLE. LEARN MORE.
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