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Surgent's Forms 7217 and 7203

 Various
 
2.0
Registration is Open
Member Price
$99.00 Regular Registration
Your Price
$104.00 Regular Registration
This course is being offered on multiple dates, listed below. Click the Register button next to your preferred date to register.
 Thu, 07/10/2025 from 3:00 pm to 5:00 pm
 Fri, 08/08/2025 from 10:00 am to 12:00 pm
 Mon, 09/22/2025 from 3:00 pm to 5:00 pm
 Wed, 10/29/2025 from 1:00 pm to 3:00 pm
 Tue, 11/25/2025 from 1:00 pm to 3:00 pm
 Tue, 12/09/2025 from 1:00 pm to 3:00 pm
 Tue, 01/20/2026 from 1:00 pm to 3:00 pm
 Mon, 02/09/2026 from 10:00 am to 12:00 pm
 Wed, 03/25/2026 from 1:00 pm to 3:00 pm
 Wed, 04/29/2026 from 10:00 am to 12:00 pm
Designed For:

Accounting and finance professionals who need to know the latest regarding distributions of property from partnerships and those who need to know about shareholders' stock and debt basis

Prerequisite:

None

IRS Form 7217 is an IRS tax form required for partners receiving distributions of property from partnerships. Starting for tax years beginning in 2024, a partner who receives property from a partnership must file Form 7217 with his or her annual income tax return. Form 7217 is filed by any partner receiving a distribution of property from a partnership to report the basis of the distributed property, including any basis adjustment to such property as required by Section 732(a)(2) or (b). This new IRS form is part of the IRS's general concern regarding basis shifting in favor of high marginal tax rate related partners. Form 7217 is now required and details the types of property distributed, the aggregate basis, and the allocation of basis to the distributed property. Form 7203 is designed to assist in tracking an S corporation shareholder's stock and debt basis. Form 7203 is a significant improvement from the worksheets the IRS provided formerly and over time will serve to help partners and partnerships keep track of their stock and debt basis. The course covers the structure and organization of Form 7203 as well as how an S corporation shareholder's stock and debt basis are calculated.

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

This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by Surgent McCoy.

Objectives

  • Understand the latest regarding distributions of property from partnerships
  • Understand shareholders’ stock and debt basis

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.