Understanding S Corporation Taxation: Shareholder Basis, AAA, and Retained Earnings

Understanding S Corporation Taxation: Shareholder Basis, AAA, and Retained Earnings

Understanding S Corporation Taxation: Shareholder Basis, AAA, and Retained Earnings

Presenter

John Lawrence

Overview

Even though they have been around for several years, the tax laws pertaining to S corporations remain some of the more difficult areas of the Internal Revenue Code. Given the rising popularity of S corporations, understanding how shareholder basis and the equity section of the balance sheet work together for tax purposes is imperative for nearly any tax practitioner. In this course, we will discuss this relationship. Using examples and illustrations, we will show how contributions, operating transactions, and distributions affect shareholder basis, as well as equity.

Learning Objectives:

  • Recognize the formula for calculating S corporation shareholder basis.
  • Identify the items of income and deduction that are allocated to AAA, PTI, AE&P, and OAA.
  • Calculate the tax effects of a distribution on shareholder basis and AAA.
2.0 CPE Credits

Registration

Registration is open through 09/09.

Member Price

$99

Nonmember Price

$129

  • Retired, Part-time, Unemployed and Leave-of-Absence Members save an additional $10

Tuesday, September 9

12:00pm to 2:00pm (Check-In 12:00pm)

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