S Corporations: Calculation of AAA, Basis Calculations and Loans
Total Credits: 2 including 2 Taxes - Technical
- Average Rating:
- 15
- Categories:
- ACPEN Industry Institute | IRS Approved
- Faculty:
- Steven C. Dilley, CPA, JD, PhD
- Course Levels:
- Intermediate
- Duration:
- 2 Hours
- License:
Description
This presentation will provide a detailed analysis of the tax calculations related to the S corporation accumulated adjustments account, other adjustments account, and accumulated earnings and profits. The calculation of shareholder's basis for their S corporation shares and the treatment of S corporation distributions will be covered, as well as how to use loans to S corporations as basis for loss flowthroughs and payment of reduced basis loans.
Basic Course Information
Learning Objectives *To provide a thorough review and update of the tax issues related to S corporation equity accounts and shareholder basis calculationsMajor Subjects
*Tax
*S Corporations
*Treatment of Shares in an S Corporation
Course Materials
| IRS CE Credit Request Form | Available after Purchase | ||
| S CORPORATIONS AAA, Basis, Loans 2014 ED | Available after Purchase | ||
| S CORPORATIONS AAA, Basis, Loans 2015 ACPEN | Available after Purchase | ||
| S CORPORATIONS AAA, Basis, Loans 2015 ACPEN (1.94 MB) | 37 Pages | Available after Purchase |
| Important CPE Credit Information 2015 (0.06 MB) | Available after Purchase | ||
Faculty
Steven C. Dilley, CPA, JD, PhD Related Seminars and Products
Steven C. Dilley, CPA, JD, PhD is President of Federal Tax Workshops, Inc., East Lansing, Michigan, where for the past 36 years, his organization has prepared continuing professional education materials and presented seminars for accountants and attorneys throughout the United States. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business. He has published numerous articles on these topics. In addition, Steve is a Professor of Accounting at Michigan State University, East Lansing, where he teaches tax accounting and was nominated in 2004 for the "Educator of the Year Award." He obtained his PhD in accounting, law degree and an undergraduate accounting degree from the University of Wisconsin-Madison. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, The American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.
Additional Info
Basic Course Information
Advanced Preparation NoneCourse Developer Steven C. Dilley CPA JD PhD
Designed For CPAs working in public accounting firms and/or working for S corporations
Original Recording Date 10/24/14
Prerequisites None
Additional Information
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).Instructional Delivery Method Group Internet Based
Official Registry Statement
Business Professionals' Network, Inc. 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.nasbaregistry.org
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