May 7, 2026


Live Webcast


NYSED 2

Understanding S Corporation Taxation: Shareholder Basis, AAA, and Retained Earnings Webcast

May 7, 2026
Live Webcast
NYSED 2
  • View Bio

    Instructor

    Joseph
    Nicola

    View Bio

Learning Objectives

  • Recognize the formula for calculating S corporation shareholder basis
  • Identify the items of income and deduction that are allocated to AAA, PTI, AE&P, and OAA
  • Calculate the tax effects of a distribution on shareholder basis and AAA

Major Topics

  • S corporation earnings layers
  • Observations on earnings layers
  • S corporation basis calculation
  • IRC 351 transactions
  • Four loss tiers
  • Appreciated property distributions

CPE Credits Available

NYSED 2
2
Taxation (NYSED) - NYSED

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Taxation (NYSED)

Prerequisites

None

Advanced Preparation

None

Intended Audience

CPAs and tax practitioners who work with S corporation business clients and S corporation shareholders

Provider

Surgent McCoy CPE LLC

Register For This Event

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  • NYCPA Non-Member

    $ 149 149
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