Recorded on Jun 18, 2025 | Super Seminar 2025
Speaker: Thomas Gorczynski, EA, USTCP
Session Description
S corporation stock basis is an essential tax attribute that the shareholder must track each year. This course will detail the calculation of basis, starting with entity formation and continuing with operations. Examples will demonstrate the proper completion of Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations. There will also be a discussion of how to address missing S corporation stock basis records.
Learning Objectives
- Learn to calculate the S corporation stock basis upon formation and due to entity operations.
- Explain how an S corporation shareholder may utilize debt basis and the consequences of doing so.
- Understand how to complete Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations.
Learning Level: Intermediate
Course Prerequisites: None
Advanced Preparation: None
CE Credit Hours
- IRS: 2 hours Federal Tax Law Topics
- CTEC: 2 hours Federal Tax Law Topics
- Attorney/CA Bar MCLE: 1.75 hours Taxation Law
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