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Basis Calculations for Partners & LLC Members

4.4 (19)

J. Patrick Garverick, CFP, CPA

THE GARVS LLC

Monday, November 25, 2019 | 10:00 AM EDT

  • CPA
  • EA

4 Credits

$60

Subject Area

Taxes

Upcoming Webinars

Course Description

This comprehensive training is designed to get the accountant up to speed quickly on basis calculations and distribution planning for the owners of an S corporation. 

Learning Objectives

  • List the 3 main reasons for calculating a shareholder’s basis in a S corporation
  • Calculate the stock and debt basis for S corporation shareholders
  • Review the Form 1120S Schedule K-1 to determine how the line items affect basis calculations and get reported on the individual owner’s Form 1040

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounts Director
  • Auditors
  • Business Owner
  • CEO
  • Entrepreneurial CPA
  • Tax Director (Industry)
  • Tax Firm
  • Tax Practitioners
  • Young CPA

Testimonial

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(
    [no_of_record] => 19
    [average] => 4.4211
)
 

4.4

(19)
63%
21%
11%
5%
0%

DJ

The material was as was expected but the presenter was great. Great presentation style and great examples and case studies to solve.

JLS

The presentation of the instructor was very effective. I like the recap of the basis calculations. It was very helpful. Many thanks!

MM

Outstanding knowledge gained on Schedule K1 to determine where the items get reported on Federal individual income tax return.

LB

Pattrick is an engaging presenter and keeps the content moving along and shared case studies to solve, I look forward to his next presentation.

KS

Great overview of cash or non-cash distributions affect the basis calculations

BH

Very informative - very dense content. Appreciate accurate information and information resources that I can look up to.