Checkpoint Learning

Course Detail

Companion to PPC's 1120S Deskbook - Course 1 - Transactions with Shareholders (T2STG201)  

CATEGORY: Taxation
  Print-Based with Online Grading
8 CPE Credits
Level: Basic

This interactive self-study course discusses some of the transactions with share- holders that must be dealt with in relation to Form 1120S. Lesson 1 examines shareholder stock basis, including calculating initial basis and adjusting basis annually. Lesson 2 covers shareholder debt basis, including deducting losses against debt basis and reporting the repayment of reduced-basis shareholder debt. Finally, Lesson 3 discusses issues related to distributions, such as determining the accumulated earnings and profits (AE&P) balance and making distributions from S corporations both with and without AE&P.

Course Expiration Date: December 31, 2021

Please note, the grading fee for answer sheets submitted by regular mail is $119.

Included with subscription(s):

Add to Cart Download Pdf


Accreditation Information

Learning objectives

Course outline