In this course, we review how to compute the S corporation stock basis based on the activities of the S corporation. The tax consequences of dispositions of S corporation stock are discussed. Various tax planning strategies for S corporations and their owners are outlined with explanation of how they apply in the S corporation lifecycle.
Calculate a shareholder’s basis in S corporation stock.
Explain the various ways a shareholder may dispose of S corporation stock.
Calculate the tax consequences of disposing of S corporation stock.
Describe ways a S corporation shareholder can minimize tax during the life of the S corporation.
IRS Program Number: NMVBP-T-00202-22-S
Length: 100 minutes plus optional question-and-answer session (no CE)
Advanced Preparation: None
Program Level: Basic
Delivery Method: Self-Study
Field of Study: IRS Federal Tax
Credit hours: 2 IRS CE
Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor.
All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here to learn more about our education policies.