Small Business and Self-Employed Division
S Corporation Shareholder Stock Basis
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IRS Presenters
Susan L. KerrickRevenue Agent, S Corporation Technical Advisor
Small Business / Self-Employed
Cincinnati, OH
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Cindy G. MedeirosRevenue Agent, S Corporation Technical Advisor
Small Business / Self-Employed
Brockton, MA
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Racheal A. JaeckelRevenue Agent, Subject Matter Expert
LB&I Division
Salt Lake City, UT
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IRS Moderator
Karen BrehmerStakeholder Liaison
Communications & Stakeholder Outreach
Small Business/Self-Employed Division
Internal Revenue Service
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S Corporation Shareholder Stock Basis
Playout date:
November 18, 2015
2 p.m. Eastern Time
1 p.m. Central Time
12 p.m. Mountain Time
11 a.m. Pacific Time
This presentation reviews the importance of tracking S Corporation shareholder stock & debt basis and provides information on how to calculate stock basis.
Topics to be covered:
Playout date:
November 18, 2015
2 p.m. Eastern Time
1 p.m. Central Time
12 p.m. Mountain Time
11 a.m. Pacific Time
This presentation reviews the importance of tracking S Corporation shareholder stock & debt basis and provides information on how to calculate stock basis.
Topics to be covered:
- Importance of S corporation stock basis,
- S Corporation stock basis ordering rules,
- Computation of S corporation shareholder stock basis,
- What constitutes valid shareholder debt basis, and
- Tax ramifications of an S corporation’s repayment to a shareholder on reduced basis debt.
Links
- www.irs.gov
- Form 1120S, U.S Income Tax Return for an S Corporation
- Schedule K-1 (Form 1120S) , Shareholder’s Share of Income, Deductions, Credits, etc.
- Instructions to Schedule K-1 (1120S)
- Form 1040, Schedule E, Supplemental Income and Loss
- Instructions to Schedule E
