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S Corp Basis Planning 1

Structuring loans for S corp. shareholder basis planning opportunities

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S corporation shareholders confront limitations in the amount of passthrough entity losses they may deduct from income. Understanding how basis is accurately calculated and what qualifies as shareholder basis against which to deduct passthrough losses is integral to preparing an accurate tax return that will pass the scrutiny of an IRS audit. Click here to read the full article.

Article in the AICPA The Tax Adviser, by Amy I. Kinkaid, CPA, J.D., and Charles E. Federanich, CPA