Basis Basis Basis for S-Corp Shareholders

Do you prepare tax returns for S-Corporations or for S-Corporation shareholders? You will not want to miss this session!

One of the biggest challenges we face in preparing those tax returns is the calculation of shareholder basis. In this course, you will learn how profits and losses, distributions, dividends and shareholder loans affect basis. What about losses that are limited by basis, and when can you deduct suspended losses? How do you calculate inside and outside basis?

During this webinar, we go through calculations and help you establish a solid process for establishing basis for your S-Corporation and shareholder tax clients.

Learning Objectives:
Upon completion of this course, you will be able to:

  • Define shareholder basis and how it is calculated
  • Determine the impact of shareholder loans and distributions on basis
  • Identify when deductable losses are limited by basis
  • Recognize the importance of tracking shareholder basis

NASBA CE: 1 Hour/Taxes
IRS CE: 1 Hour/Federal Tax Law

Presented by Kathy Hettick, EA, ABA, ATP and Gene Bell, EA, ATA, CFP

NSA ConnectED Webinar Series
Program Level: Basic
Prerequisites: None
Advance Preparation: None
Delivery Method: QAS Self-Study

No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.

NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

The National Society of Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

NSA has been approved by the California Tax Education Council to offer the above courses to go towards the annual "continuing education" requirement imposed by the state of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone at (877) 850-2832, or on the Internet at www.ctec.com.

Order 4 or more webinars in one order save 20%! Click "Add More Webinars" and when you have at least 4 webinars in your cart, 20% will be taken off at the final step of checkout when you click "Next".

Kathy Hettick, EA, ABA, ATP

Kathy Hettick, EA, ABA, ATP

Kathy Hettick, EA, ABA, ATP, has been the owner and principal of an accounting and tax practice for over 23 years. She has held numerous leadership positions at local, state, and national levels, including WAA President and served as NSA's President 2015-2016. She was awarded Speaker of the Year at NSA's 2017 Annual Convention in Reno, Nevada.

Gene Bell, EA, ATA, CFP

Gene Bell, EA, ATA, CFP

Gene Bell, EA, ATA, CFP, is the owner and president of Gene Bell & Associates, Inc. where he provides personal and business tax preparation and planning as well as wealth management services. He was awarded the NSA Distinguished Service Award for 2012, and received NSA's Speaker of the Year Award in 2015.

Kathy and Gene are featured speakers at IRS Nationwide Tax Forums.