Compass Tax Educators

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: QAS Self-Study (NASBA); On-Demand (IRS)

Field of Study: Taxes (NASBA); Federal Tax Topic/Federal Tax Related Matter (IRS)

Credit hours: 2 NASBA CPE / 2 IRS CE

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Courses expire one year after purchase.

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 for more information regarding our refund and education policies.