Surgent's Mastering Basis Issues for S Corporations, Partnerships, and LLCs
Presenter
Don Cochran,
Sole Practitioner,
Don Paul Cochran, JD, CPA Attorney at Law
Overview
The most difficult concepts to master when dealing with flow-through business entities are the basis and distribution concepts. Major errors and malpractice issues occur if the CPA does not fully understand the impact of these rules. This course is designed to focus on the practical applications of these rules.
Learning Objectives:
- Determine initial basis and organizing tax-free under section 351 and section 721.
- Discuss what affects basis and how to treat distributions.
- Pass the loss limitation hurdles to deduct pass-through losses.
