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 I...
8/14/2024 9:00am - 11:00am | Online | Surgent
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CPE Categories: Taxation (2 CPE)
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.
Any tax practitioner with S corporations or S corporation shareholders as clients
Basic understanding of tax rules relating to S corporations and S corporation shareholders
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