Surgent's Handbook for Mastering Basis: Distributins and Loss Limitation Issues for S Corps, LLCs and Partnerships

Description

The most difficult concepts to master when dealing with flow-through business entities are the basis and distribution concepts.  Major error and malpractice issues occur if the CPA does not fully understand the impact of these rules.  This course is designed to focus on the practical applications of these rules.

Objectives

Determine initial basis & organizing tax-free under §351 and §721

Understand what affects basis and how to treat distributions

Pas the four loss limitation hurdles to deduct pass-through losses

Designed For

CPAs who prepare both individual and flow-through business entity tax returns and need a thorough grasp of these significant issues.  This course is a must for practitioners to help reduce and avoid this exposure to malpractice.