Basis is an important concept for determining how a shareholder calculates the tax implications of many different situations and events related to their ownership in an S Corporation. There are two kinds of basis that a shareholder can have in an S Corporation: stock basis and debt basis. A common question related to shareholder basis is this: does a shareholder...
- 2015 AFTR Course adjustments to income AFSC AFSP AFTR agi floor Annual Federal Tax Refresher Course Annual Filing Season Program business expense deductions California Adjustments to Taxable Income california individual income tax california residency charitable contributions commissioner koskinen congress corporations EXPIRE Act of 2014 filing requirement form 1040 gross income gross income test individual income inflation adjustments IRS IRS Audits itemized deductions Loving v. IRS medical expenses deduction moving expenses deduction PTIN PTIN Requirement Registered Return Preparers RTRP Regulations schedule a S corporations Senate senate finance committee standard mileage rate tax continuing education tax deductions tax extenders tax legislation Tax News tax preparer regulation tax reform
Fuller Product Discount Newsletter
Our mailing list subscribers always get access to our deepest discounts on our tax professional continuing education products. Subscribe today!