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.