Event Details

A complete discussion of basis for S corporation and partnership owners. We discuss why it is needed, how it is calculated, new Form 7203, ordering rules for income, losses and non-deductible items, the effects of PPP loans and forgiveness on basis, and the special Sec. 754 step-up basis election.


Upon completion of this course you should have a greater understanding of outside tax basis as compared to at-risk basis and how the differences affect a tax return. The course then undertakes a detailed analyses of S corp basis rules: increases, decreases, debt, losses in excess of basis and suspended basis loss, and includes special discussion of the effects of PPP loan forgiveness. The S corp chapter concludes with blank, user-friendly basis calculation schedules. The LLC/partnership basis chapter analyzes the differences in partnership vs. S corp basis, including debt basis and types of debt as well as the special 754 step up basis rules.


  • Prerequisites: 1 year tax preparation experience
  • Hours: 2
  • Field of Study: Taxes - 2
  • Course Level: Update
  • IRS Number: Pending
  • Early Registration Deadline: April 30, 2025

Tickets

MEMBER

Select this option if you are a MEMBER of MAPA.

Member Early Bird Price $135
Member Price $160
NON Member

Select this option if you are NOT a member of MAPA.

Early Bird Price $175
Standard Price $200

Agenda

2:00 PM - 4:00 PM
Basis - S Corps & Partnerships
Attendee Information: You must have a high-speed internet connection, speakers connected to your computer, headphones or call in for audio and a monitor. You can log in 10 minutes early. Ple...
Attendee Information: You must have a high-speed internet connection, speakers connected to your computer, headphones or call in for audio and a monitor. You can log in 10 minutes early. Please remember that your registration is valid for only one paid attendee. If you have more than one paid attendee watching the webinar, please let MAPA know and we will send you the 'Group Proctor Form'.

This TaxSpeaker Internet-Live webcast will begin and end promptly at stated time. Attendees must answer 75% of all polling questions given during the day to obtain the full hours of CPE Credits
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Documents

Basis - S Corps Ptshps_RegForm_05062025.pdfdownload

Speakers

  • BJ

    Bob Jennings

    CPA, EA at TaxSpeaker

    https://www.taxspeaker.com

    Bob is a nationally renowned author and speaker, presenting continuing education classes to over 100,000 tax professionals over the last 20 years all over the world. Bob is a licensed CPA (Indiana),and an IRS Enrolled Agent. Bob is also a prolific author and has published over 60 professional articles in such magazines as the Journal of Accountancy as well as many other professional and consumer publications; annually authors several tax, accounting and technology manuals; and is a regular columnist for FoxBusiness.com. As the founder of his own regional CPA firm in 1984, Bob has dealt exclusively with individual and small business financial issues for over 30 years. Bob appears regularly in the media and has been quoted extensively by numerous publications. He has recorded an extensive number of information videos, DVD’s and instructional clips available on his website at TaxSpeaker.com.

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