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Companion to PPC's 1120S Deskbook - Course 1 - Transactions with Shareholders (T2STG181)  

CATEGORY: Taxation
COURSE ID: T2STG181, VERSION 1.00
(16)
Print-Based with OG
8 CPE Credits
Level: Basic

This interactive self-study course discusses some of the transactions with shareholders that must be dealt with in relation to Form1120S. 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: November 30, 2019

Please note, the grading fee for answer sheets submitted by regular mail is $105.

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