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S-Corporations: How to Calculate the Shareholder's Basis

Total Credits: 2 including 2 Taxes - Technical

Average Rating:
ACPEN Tax Institute |  Tax |  IRS Approved
Steven C. Dilley, CPA, JD, PhD
Course Levels:
2 Hours
Never expires.



A detailed analysis of the calculations related to determining an S-shareholder's tax basis for S-corporation shares using the Form 1120S, Schedule K-1 information. An illustrative example will demonstrate how the process works, as well as the many potential pitfalls.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to

Basic Course Information

Learning Objective
  • To provide a thorough review and update of the tax issues related to S-corporation owner's basis from formation through operations and concluding with sale and/or liquidation.

Major Subjects
  • Discusses the calculation of basis when the entity is formed including the impact of contributed property
  • Explains the importance of shareholder loans to the entity
  • Uses a comprehensive example to illustrate the mechanics of the basis determination process
  • Discusses how basis is impacted by distributions of corporation property
  • Explains how basis is impacted by sale and/or liquidation of the S-corporation interest Shows how to get from the Schedule K-1 information to the basis calculations
  • Updated with related TCJA regulations



Steven C. Dilley, CPA, JD, PhD's Profile

Steven C. Dilley, CPA, JD, PhD Related seminars and products

Steven C. Dilley, CPA, JD, PhD is President of Federal Tax Workshops, Inc., East Lansing, Michigan, where for the past 36 years, his organization has prepared continuing professional education materials and presented seminars for accountants and attorneys throughout the United States. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business. He has published numerous articles on these topics. In addition, Steve is a Professor of Accounting at Michigan State University, East Lansing, where he teaches tax accounting and was nominated in 2004 for the "Educator of the Year Award." He obtained his PhD in accounting, law degree and an undergraduate accounting degree from the University of Wisconsin-Madison. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, The American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.


Wed, Oct 06, 2021 - 01:00pm to 02:55pm CDT
Fri, Oct 22, 2021 - 09:00am to 10:55am CDT
Wed, Nov 03, 2021 - 11:00am to 12:55pm CDT
Fri, Nov 19, 2021 - 01:00pm to 02:55pm CST
Fri, Dec 03, 2021 - 09:00am to 10:55am CST
Wed, Dec 15, 2021 - 11:00am to 12:55pm CST

Additional Info

Basic Course Information


Basic working knowledge of S corporation taxation.

Advanced Preparation


Designed For CPAs working in public accounting firms and/or working for S-corporations.
Original Recording Date


Yellow Book


Course Developer

Federal Tax Workshop

Date Added to Catalog


Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints., (972-377-8199).

Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Instructional Delivery Method

Live Group Internet Based

Course Registration Requirements

Online Registration

Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.



Overall:      4

Total Reviews: 1

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