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Hot Topic Webinar: Correcting S Corp & Partnerships Basis For ERTC Refunds & Prior Year PPP Loans
IRS Program #: X9QQU-T-01044-23-O
CTEC #: 6257-CE-0206
CE: 2 IRS / 2 CTEC
Speaker: Jane Ryder, EA, CPA
We have identified two very common matters affecting S Corp shareholder and partner basis related to how business ERTC refunds and PPP loans were reported on the entity tax returns. And these entity reporting errors affect the individual tax preparer's Form 1040 clients' basis. Both of these matters cause a shareholder's or partner's basis to be understated, often by substantial amounts. This course will review these critical basis miscalculations and help business tax preparers and individual tax preparers identify clients with these issues and how to fix these basis errors.
- Review critical basis miscalculations.
- Help business tax preparers and individual tax preparers identify clients with these issues.
- And how to fix these basis errors.