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Basis Calculations & Distributions for Pass-Thru Entity Owners Schedule K-1 Analysis

 Various
 
8.0
Registration is Open
Member Price
$300.00 Regular Registration
Your Price
$400.00 Regular Registration
This course is being offered on multiple dates, listed below. Click the Register button next to your preferred date to register.
 Tue, 06/10/2025 from 9:00 am to 4:39 pm
 Fri, 06/27/2025 from 10:00 am to 5:39 pm
 Tue, 07/08/2025 from 9:00 am to 4:39 pm
 Mon, 07/28/2025 from 10:00 am to 5:39 pm
 Tue, 08/12/2025 from 9:00 am to 4:39 pm
 Thu, 08/28/2025 from 10:00 am to 5:39 pm
 Tue, 09/09/2025 from 9:00 am to 4:39 pm
 Tue, 09/30/2025 from 10:00 am to 5:39 pm
 Tue, 10/14/2025 from 9:00 am to 4:39 pm
 Tue, 10/28/2025 from 10:00 am to 5:39 pm
 Tue, 11/11/2025 from 9:00 am to 4:39 pm
 Wed, 11/26/2025 from 10:00 am to 5:39 pm
 Tue, 12/09/2025 from 9:00 am to 4:39 pm
Designed For:

Tax professionals that need an in-depth training course on basis calculations and distributions rules for S-Corporations, partnerships, LLCs and their owners

Prerequisite:

Basic understanding of individual income taxation

This comprehensive case-driven training is designed to get the accountant up to speed quickly in the area of basis calculations and distribution planning for the owners of pass-thru entities (i.e., S corporations, partnerships, and limited liability companies (LLCs)). The cornerstone of this course is the line-by-line analysis of the Schedule K-1s and how it affects the basis calculations. 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to [email protected]

Delivery Method: Individual webcast
CPE Credit: Taxes
Program Level: Intermediate

Sponsors

For Technical Support: 
Please contact the ACPEN Help Desk at (877) 602-9877, [email protected]   or visit https://vscpa.acpen.com/Support/. The Help Desk is available by phone 24/7, 365 days a year. Allow 1 business day for email

Objectives

  • List the 3 main reasons for calculating a shareholder’s basis in a S corporation and partner/member’s basis in a partnership/LLC
  • Calculate the stock and debt basis for S corporation shareholders
  • Calculate the basis for partners and members of a LLC
  • Calculate losses allowed from at-risk activities
  • Review the Form 1120S and Form 1065 Schedule K-1s to determine how the line items affect basis calculations and get reported on the individual owner’s Form 104

Speakers

Advanced Preparation

None

Vendor

The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.