Form 7203 S Corporation Basis
 Wine Country Chapter In-Person Meeting

Date/Time:

Wednesday, July 27, 2022
6:00 PM to 9:00 PM

Location:

Mimi's Cafe
17231 17th St
Tustin, CA 92780

Description:

New form 7203 is now required for many S corporations and also for most 1040 forms that include a K-1 from an S corporation. In this course, we'll go over both the requirements and the instructions for filing the form. We'll cover how to calculate stock basis and loan basis, what the basis ordering rules are, and how to report losses limited by basis.

Presenter:

Linda Dong, EA, ABA
Linda Dong graduated with honors from the University of Illinois in Chicago with a degree in Accounting. She went to work for the IRS, where she received a very thorough training in taxes and began auditing corporations. Not liking the adversarial relationship inherent in tax audits, Linda left the IRS and started a tax and accounting practice from her home. She grew her practice to include four employees, but eventually downsized and is now once again a sole practitioner working out of her home office. She provides tax and accounting services to individuals, small businesses, and nonprofit organizations. Linda has been an Enrolled Agent (EA) since 1982. Her credentials from the Accreditation Council of Accountancy and Taxation (ACAT) include Accredited Business Accountant (ABA) and Accredited Tax Advisor (ATA). She is a QuickBooks ProAdvisor and often teaches classes in accounting and tax to other professionals. A member of several tax and accounting professional groups, she is currently serving as President of the California Society of Tax Consultants and Secretary-Treasurer of the Wine Country Chapter.

CPE Information:

2 Federal Law hours (Topics covering existing tax law)

IRS: 18QC1-T-01678-22-I
CTEC: 1000-CE-5087

Knowledge Level: Intermediate (Basic knowledge helpful)

Cost:

Registration Fee (Member): $35
Registration Fee (Non-Member): $65

Registration:

Please register below:

This presentation has been designed to meet the requirements of the Return Preparer Office, the California State Board of Accountancy; and the California Tax Education Council including code 31 of Federal Regulations10.6 (g). This does not constitute an endorsement by these groups. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA. 95812- 2890, or phone CTEC at (877) 850-2832, or on the Internet at www.ctec.org.