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Comprehensive Pass-Through Owners? Basis and Distribution Rules 25-26

 Various
 
8.0
Registration is Open
Member Price
$329.00 Regular Registration
Your Price
$439.00 Regular Registration
This course is being offered on multiple dates, listed below. Click the Register button next to your preferred date to register.
 Wed, 07/30/2025 from 11:00 am to 6:30 pm
 Tue, 08/26/2025 from 9:00 am to 4:30 pm
 Tue, 08/26/2025 from 11:00 am to 6:30 pm
 Wed, 10/22/2025 from 9:00 am to 4:30 pm
 Wed, 10/22/2025 from 11:00 am to 6:30 pm
 Tue, 11/25/2025 from 9:00 am to 4:30 pm
 Tue, 11/25/2025 from 11:00 am to 6:30 pm
 Tue, 12/16/2025 from 9:00 am to 4:30 pm
 Tue, 12/16/2025 from 11:00 am to 6:30 pm
 Wed, 01/21/2026 from 9:00 am to 4:30 pm
 Wed, 01/21/2026 from 11:00 am to 6:30 pm
Designed For:

CPAs, tax preparers, and other financial professionals looking to expand and update their understanding and knowledge.

Prerequisite:

Basic understanding of individual income taxation

Pass-throughs (S corporations and Partnerships) are the most popular choice of newly formed business entities. However, for years, taxpayers and their preparers have struggled to calculate, update, and maintain the pass-through entity owners? tax basis information in each investment correctly. Calculating and accounting for tax basis and adequately reporting the impact of operating and liquidating distributions for these entities are among the most frequently cited audit deficiencies. Taxpayers have also misapplied the tax rules when calculating the gain or loss from the sale of the interest. Recently, the IRS initiated enforcement initiatives designed to audit owners of pass-through entities regarding their calculations of tax basis and their tax treatment of distributions. This course will teach you how to properly account for both items for your clients who own an interest in a partnership or an S-corporation. Learn to identify the most common mistakes and errors and report these items correctly before your client is audited.

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

Sponsors

For Technical Support: 
Please contact the CalCPA Help Desk at (866) 928-8915, [email protected] . Allow 1 business day for email responses

Objectives

  • Calculate the stock and debt basis of S corp shareholders
  • Calculate the basis for partners and members of a partnership
  • Calculate pass-through losses allowed to an owner by applying the four-loss limitations (basis, at-risk, passive, and excess business loss limitations)
  • Determine the tax consequences of operating and liquidating distributions out of partnerships and S-corporations
  • Determine if payment from a pass-through entity is treated as a distribution for tax purposes

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.