Webinar: Preparing a Stress-Free Seventy-Two Oh Three (Form 7203 for S Corps) by Tax Practice Pro, Inc

Preparing a Stress-Free Seventy-Two Oh Three (Form 7203 for S Corps)

About

Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations, must be filed with an S corporation shareholder’s 1040 if that shareholder claims a deduction for their share of an S corporation loss, received a loan repayment from an S corporation, disposed of stock in an S corporation or received a non-dividend distribution from the S corporation.

This webinar will go through the form, line by line, and show you where to get the necessary information to fill it out correctly.

This self-study webinar qualifies for 1 IRS CE
Click the handout icon on the recording player > Select the "Quiz for IRS CE"

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Agenda

Understand the purpose of the form
Identify taxpayers who must file it
Learn basics of S-corp stock basis and debt basis
Review the form
Study examples of a filled-out form

Presenter

Amy M. Wall

EA, MBA

Amy M. Wall, EA, MBA, is retired from her private tax practice in Tucson, Arizona, where she worked with individuals, small businesses and S Corporations. Amy now spends her time teaching and writing on taxation. She teaches for several continuing education providers and has been published in a number of tax journals, including NATP’s Tax Pro Journal and Wolters Kluwer Journal of Tax Practice & Procedure. She is the author of Virtual Tax: the taxation of Cryptocurrency; Income Taxes for Real Estate Agents; Divorce and Taxes, and The Parish, a work of fiction about a tax preparer whose nighttime clients aren’t quite what they seem.

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