TaxSpeaker Inside-Outside Basis: S Corps and Partnerships WEBINAR

TaxSpeaker Inside-Outside Basis: S Corps and Partnerships WEBINAR
January 01, 1970
12:00 AM
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EVENT DESCRIPTION

A complete discussion of basis for S corporation and partnership owners. We discuss why it is needed, how it is calculated, new Form 7203, ordering rules for income, losses and non-deductible items, the effects of PP loans and forgiveness on basis, and the special Sec. 754 step-up basis election.

PLEASE NOTE: Physical manuals are ONLY available to attendees of LIVE SEMINARS; webinar attendees will receive an electronic manual, no exceptions.

EVENT OBJECTIVE

Upon completion of this course you should have a greater understanding of outside tax basis as compared to at-risk basis and how the differences affect a tax return. The course then undertakes a detailed analyses of S corp basis rules: increases, decreases, debt, losses in excess of basis and suspended basis loss, and includes special discussion of the effects of PPP loan forgiveness. The S corp chapter concludes with blank, user-friendly basis calculation schedules. The LLC/partnership basis chapter analyzes the differences in partnership vs. S corp basis, including debt basis and types of debt as well as the special 754 step up basis rules.

EVENT DETAILS

Company:
TaxSpeaker

Number of Hours:
2 (Recommended)

Prerequisite:
Knowledge of Tax Law Regulations

Program Level:
Update

Knowledge Level:
Intermediate

Delivery Method:
Group Internet Based

Number Of Days:

Food Included:

Seminar Number:

Early Cut Off Date:
01/01/1970

Phone:

Venue:
,

Accommodations:
,

Recommended For:
CPA (2), EA (2), Maryland Preparer (2)

Approved By:
NASBA, IRS, State of Maryland