Description: This program addresses the critical issues and special opportunities facing S corporations, with a focus on the new IRS guidelines on shareholder stock and loan basis reporting and deducting business losses.
Learning Objectives:
- Apply the latest tax rules and regulations of reporting S corporation shareholder basis.
- Distinguish and define complex S corporation issues.
Program Content:
- Recent tax legislation, rules and developments impacting S corporations
- Deducting business losses
- Shareholder stock and loan basis reporting on Form 1120S Schedule K-1.
- Issues in becoming an S corporation.
- Basis of stock and debt.
- AAA and distributions.
- Built-in gains tax.
Who should attend: Experienced practitioners with S corporation clients and members in industry working for an S corporation.
Program Level: Intermediate
Developed By: Van Der Aa Tax Ed, LLC
Instructor: Douglas J. Van Der Aa, CPA, JD
CPE Credit: 2.5 hours
Field of Study: Taxation
Prerequisites: Basic working knowledge of business and S corporation taxation.
Advanced Preparation: None
Douglas J. Van Der Aa, CPA, JD
Doug is a lively and energetic speaker – especially on the subject of taxes and ethics. He has been a highly rated speaker and seminar leader for CPA Associations and other organizations throughout the country for more than 18 years. Doug has over 25 years of professional experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. As a CPA, Doug’s practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.
Only registered students have access to the handout.