In part 2 of this 2 hour course, taught by Carl Heintz, CPA, the importance of shareholder basis is emphasized. The annual basis adjustments and an important election in the ordering of the computation are discussed. The differences between partnerships and S corporations are explored, especially when it comes to utilizing debt to create basis.
CE Course Sample Clip
All hours are documented and any exams are graded in real time. Once successfully completed, Lambers Review will send the data file to the IRS based on your PTIN to report CE credits on your behalf.