The IRS has made a webinar available, recorded November 18, 2015, that reviews the importance of tracking S Corporation shareholder stock & debt basis and provides information on how to calculate stock basis.

Topics covered include the following:

  • Importance of S corporation stock basis,
  • S Corporation stock basis ordering rules,
  • Computation of S corporation shareholder stock basis,
  • What constitutes valid shareholder debt basis, and
  • Tax ramifications of an S corporation’s repayment to a shareholder on reduced basis debt.

See webinar at: Internal Revenue Service Webinar

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.