Business Entity Basis
Includes Discussion of Basis Reconstruction and Several Basis Calculation Examples - Recorded 5/1/25
An owner’s basis in their entity interest is a key tax metric and is often miscalculated or not calculated. Calculating the basis for a partnership interest, S corporation stock, and C corporation will be reviewed in detail. There will also be a discussion of reconstructing entity basis when proper records or schedules were not maintained.
Learning Objectives
- Calculate a partner's basis and adjustments to the basis in their partnership interest.
- Calculate a shareholder's basis and adjustments to the basis in their S corporation stock.
- Calculate a shareholder's basis and adjustments to the basis in their C corporation stock.
- Describe the methods for determining entity basis with missing or incomplete records.
Education Information
IRS Program Number: NMVBP-T-00316-25-S
Credit hours: 2 NASBA CPE / 2 IRS CE
Prerequisite: Introductory knowledge of business entity taxation
Advanced Preparation: None
Program Level: Intermediate
Delivery Method: QAS Self-Study (NASBA); On-Demand (IRS)
Field of Study: Taxes (NASBA); Federal Tax Topics/Federal Tax Related Matters (IRS)
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Course expires one year after purchase.
Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor.
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