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Form 7203: S Corp Shareholder Stock & Debt Basis Limitations (ME22-38/21)

Member Price $99
Non-Member Price $99
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January 27 @ 1:00 pm - 3:15 am

Event Description

This course will take you through a detailed analysis of the instructions and  the new Form 7203 to understand how this new form is constructed and how to avoid some of the undesirable results that are suggested both by the form and its instructions.    

Designed For

CPAs, tax practitioners, and accountants.

Objectives

Provide an overview and guidance for tax practitioners who service/advise S Corp. clients.

Major Subjects

From 7203 Part I (basis in stock) Form 7203 Part II (basis in debt) Form 7203 Part III (shareholder allowable loss and deduction items) When is it advisable to generate tax basis — and when it’s not. Whether and when it’s desirable to have distributions in excess of basis in stock taxable as long-term capital gain at 0% rate. Cases and rulings regarding tax basis in stock and debt will be discussed.

Prerequisites

Familiarity with S Corp taxation.

Instructions

None

Details

Date:
January 27
Time:
1:00 pm - 3:15 am
Credit:
2 Credits

Other

Credit Hours
2
Max Registrations
15
Course Type
Uncategorized
Course Level
3