3 Credits: Taxes
This course deals with some of the changes coming out to the W2 regarding proposed additional form 7203. It also covers understanding the importance of basis, why it matters, and how we can plan around it. Should we be making that election at the entity level to have distributions come out of earnings and profits first instead of AAA? Such items and questions are addressed in Chris Province’s newest basis training.
This webinar will cover the following topics:
- S Corporation Basis including stock basis and debt basis
- S Corporation Schedule M-2 including- AAA, OAA, PTI
- S Corporation distributions
- Tax compliance and tax planning opportunities
October 25, 2021
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02157-22-O
IRS Federal Tax Law Credits: 3
CTEC Course Number: 2071-CE-1655
CTEC Federal Tax Law Credits: 3
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Robert “Chris” Province, CPA, has over 20 years of experience in delivering, instructing, and designing training courses. In addition to his speaking, Chris is currently a self-employed CPA specializing in taxation of high net worth individuals and closely-held businesses with clients located in many states throughout the United States. Chris has also served as a tax partner and senior tax member for several local, regional, and national CPA firms. He was a member of the national AICPA S-Corporation Technical Resource Panel and the Qualifications Committee for the California Board of Accountancy. Chris is a licensed Certified Public Accountant in California, …