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Form 7203 - How to Calculate Shareholder Basis

 Various
 
2.0
Registration is Open
Member Price
$79.00 Regular Registration
Your Price
$109.00 Regular Registration
This course is being offered on multiple dates, listed below. Click the Register button next to your preferred date to register.
 Tue, 06/24/2025 from 10:00 am to 12:00 pm
 Wed, 07/16/2025 from 2:00 pm to 4:00 pm
 Tue, 08/05/2025 from 12:00 pm to 2:00 pm
 Tue, 08/26/2025 from 10:00 am to 12:00 pm
 Wed, 09/17/2025 from 2:00 pm to 4:00 pm
 Fri, 10/03/2025 from 12:00 pm to 2:00 pm
 Fri, 10/24/2025 from 10:00 am to 12:00 pm
 Wed, 11/19/2025 from 2:00 pm to 4:00 pm
 Wed, 12/03/2025 from 12:00 pm to 2:00 pm
Designed For:

CPAs, EAs, and tax professionals working with S Corporation shareholders or handling shareholder basiscalculations

Prerequisite:

None

Starting with tax year 2021, Form 7203, S Corporation Shareholder Stock and Debt Basis Limitation, may be required to accompany shareholders’ Individual Income Tax Returns (Form 1040). This form is essential for reporting a shareholder's outside basis and debt basis to properly apply loss limitations under I.R.C. §461 and at-risk limitations. This course will provide a detailed overview of Form 7203, including its mechanics and strategies for completing it accurately. Additionally, strategies for reconstructing shareholder basis when it has not been maintained in the past will be discussed, helping practitioners handle these scenarios effectively.

*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

  • Explain the purpose and requirements of Form 7203.
  • Accurately complete Form 7203 for S Corporation shareholders.
  • Develop strategies to reconstruct shareholder basis when records are incomplete.
  • Analyze and apply loss limitations under I.R.C. §461.
  • Understand and apply at-risk rules and limitations.
  • Identify common errors and pitfalls in shareholder basis reporting.
  • Integrate Form 7203 reporting with the shareholder's Form 1040.
  • Evaluate the implications of incorrect basis calculations for tax compliance.

 

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.