Program Overview
July 12 2023| 5:30 pm - 9:20 pm, Pacific |In person
Hosted by Inland Empire
Speaker Linda Dong, EA
Description
Form 7203 is now required for 1040 forms that include a K-1 from an S corporation. In this
course, we will go over the requirements for Form 7203 and the steps for filling out the form.
We will cover how to calculate stock basis and loan basis for an S corporation, what the basis
ordering rules are, and how to report losses limited by basis. Finally, we'll follow a
comprehensive example using a K-1 from an S corporation to prepare the 7203 and then report
it on the 1040.
Learning Objectives
1) Understand the importance of tracking S corporation basis
2) Calculate stock and debt basis
3) Determine the beginning stock basis
4) Correctly prepare Form 7203
5) Enter the correct amounts on form 1040
Learning Level Basic
Prerequisites & Advance Preparation None
Continuing Education
IRS: 2 hours Federal Tax Topics | CTEC: 2 hours Federal Tax Topics | CA Bar: 1.75 hours Taxation Law | CPA CA: 2 hours Taxes
Pricing
Member: $40 | Non-Member: $55
In-Person Details
DoubleTree by Hilton Hotel San Bernardino
285 E Hospitality Ln, San Bernardino, CA 92408
(Registration at the door is permitted but meals will be limited to availability if not pre-registered)
Agenda
- 5:30 - 6:00 PM: Meet & greet
- 6:00 - 7:00 PM: Dinner (plated dinner including dessert; attendees may request vegetarian entrée).
- 7:00 - 9:00 PM: Presentation
Cancellation/Refund Policies
Please contact the host Chapter at inland@csea.org for refund/cancellation policies related to this event.