December 4, 2023


Webinar


8 Total CPE Credits

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Webinar (CA): Pass-Through Owners Basis & Distribution Rules: Forms 1065 & 1120S 2023

  • Instructor

    Troy Lewis

Learning Objectives

• Calculate the stock and debt basis of S corp shareholders.
• Calculate the basis for partners and members of a partnership
• Calculate pass-through losses allowed to an owner by applying the four-loss limitations (basis, at-risk, passive, and excess business loss limitations).
• Determine the tax consequences of operating and liquidating distributions out of partnerships and S-corporations.
• Determine if payment from a pass-through entity is treated as a distribution for tax purposes.

Major Topics

• Understand the four loss limitation rules applied on the owner's individual income tax return (i.e., basis, at-risk, passive, and excess business loss limitations)
• Determine how to calculate an owners' initial tax basis of his pass-through entity
• Learn how to correctly make annual adjustments to a pass-through owners' tax basis
• Identify what constitutes a debt basis for an S corporation shareholder
• Learn the tax ramifications of repaying loans to S corporation shareholders

CPE Credits Available

8
Total CPE
8
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Prerequisites

Basic understanding of individual income taxation

Advanced Preparation

This webinar is produced by CalCPA. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

CPAs, tax preparers, and other financial professionals looking to expand and update their understanding and knowledge.

Provider

California CPA Education Foundation

Register For This Event

  • COCPA Member

    $ 299 299
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  • COCPA Non-Member

    $ 399 399
    Your Price

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