$82.00 - Resolving Complicated Partnership and S Corporation Activity textbook (2023) - Premium
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This book is for preparing 2023 taxes. This course dives into some of the more difficult but common tax issues unique to partnerships and S corporations. It covers the basics of calculating and maintaining basis in either entity using worksheets or Form 7203, S corporation Shareholder Stock and Debt Basis Limitations, and the tax impact basis has on distributions and pass-through losses. Additionally, tax professionals may expand their knowledge of partnership taxation by analyzing tax basis capital accounts, allocations of profit and loss, the §754 election, a change in partners and hot assets. As the course winds down, tax professionals will also increase their expertise in S corporations by examining reasonable compensation for shareholders, the built-in-gains (BIG) tax and changes in stock ownership.
Item Number: 23366
Level: Intermediate
Authors: NATP Staff
Published: 2023
Format: Print - 248 pages
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Get the e-book FREE when you purchase the corresponding 2023 course.