In this course, we review how to compute the S corporation stock basis based on the activities of the S corporation. The tax consequences of dispositions of S corporation stock are discussed. Various tax planning strategies for S corporations and their owners are outlined with explanation of how they apply in the S corporation lifecycle.

Learning Objectives

  • Calculate a shareholder’s basis in S corporation stock.

  • Explain the various ways a shareholder may dispose of S corporation stock.

  • Calculate the tax consequences of disposing of S corporation stock.

  • Describe ways a S corporation shareholder can minimize tax during the life of the S corporation.

Education Information

IRS Program Number: NMVBP-T-00202-22-S

Length: 100 minutes plus optional question-and-answer session (no CE)

Prerequisite: None

Advanced Preparation: None

Program Level: Basic

Delivery Method: Self-Study

Field of Study: IRS Federal Tax

Credit hours: 2 IRS CE

Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor.

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here to learn more about our education policies. 

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