WEBINAR: Basis Reporting for S Corps and Partnerships: Avoiding Common Errors
2 Hour Federal Tax; IRS:
Accurate basis tracking is essential for proper tax reporting, loss limitations, and gain recognition. Yet many preparers are still uncovering basis errors caused by misreported PPP loans and ERTC refunds—errors that can significantly understate shareholder or partner basis.
This course provides foundational training on basis reporting for S corporation shareholders (Form 7203), partners, and LLC members. Participants will learn how to identify common basis miscalculations, reconstruct basis when records are incomplete, and correct reporting errors stemming from pandemic-era relief programs. The course also covers basis adjustments for incoming and exiting owners, asset contributions and distributions, and entity closures. Practical strategies and examples will help tax professionals spot issues and protect clients from compliance risk.
Level: Basic
NASBA Field of Study: Tax (Federal)
Program Prerequisites: None
Advance Preparation: None
Registration Options
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Registration Options
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Credits | Price |
|---|---|---|
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Member
Registration Ends 9/24/26 at 10:00 AM EDT
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2.00 (Tax (Federal)) | $59.00 |
|
Non-Member
Registration Ends 9/24/26 at 10:00 AM EDT
|
2.00 (Tax (Federal)) | $89.00 |
James F. Tice, EA
Mr. James Tice is a distinguished leader in the firm’s tax practice. He specializes in organizing, preparing, and supervising complex tax planning and compliance for various tax-exempt organizations and small businesses. Mr. Tice frequently lectures on a wide range of topics, including tax, business, and ethics. He has been actively involved with the Pennsylvania Society of Tax & Accounting Professionals since 2005 and has been enrolled to practice before the IRS since 2012.
No show - No refund - no exceptions. No refund will be issued for any webinar in which the login information and course material has already been distributed. Please check spam/junk folders. No refund nor credit for a future program will be issued for any webinar for which you are registered but fail to attend. Applicable webinar bundle credits will be forfeited for any webinar no-show.
For More Information:
150 Corporate Center Drive Suite 205Camp Hill, Pennsylvania 17011
United States 800.270.3352