Recent IRS Rules for S Corporations: Activity and Basis Reporting, NRAs, QBI, and IRS Basis Audits
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This webinar will address the latest Subchapter S corporation tax issues. Our panel will discuss the requirements to include basis schedules and separate activity reporting in Form 1120-S, nonresident aliens and ESBTs, and preparing for the current IRS initiative focusing on audits of S corporation basis.
- Basis reporting
- Separate reporting of activities
- Specific IRS challenges to S corporations
- Nonresident aliens as ESBT beneficiaries
- QBI calculations and reporting
- Section 1371(f) regulations
- Other S corporation developments
The panel will review these and other key issues:
- Updating basis schedules to prepare for IRS challenges
- Calculating and reporting QBI flow-through items
- Handling separate reporting of activities
- Current court cases and challenges to S corporations
Crowell & Moring
Mr. Homsi is a counsel in the firm's Tax Group, resident in the New York office. His practice concentrates... | Read More
Mr. Homsi is a counsel in the firm's Tax Group, resident in the New York office. His practice concentrates primarily on advising public and private companies with respect to business tax issues associated with structuring, negotiating, and executing domestic and cross-border acquisitions, divestitures, and restructurings. Mr. Homsi also counsels clients on tax issues associated with real estate investments and joint ventures, equity and debt securities offerings, and other transactions where tax considerations play an important role. In addition, he assists multinational businesses with inbound and outbound tax planning and strategy.Close
Crowell & Moring
Ms. Skabelund is an associate in the Tax Group and resident in the firm’s Washington, D.C. office. She practices... | Read More
Ms. Skabelund is an associate in the Tax Group and resident in the firm’s Washington, D.C. office. She practices in the areas of tax controversy and litigation. Ms. Skabelund represents clients involved in controversy with the IRS at all levels, including during examination, appeals, and litigation before the U.S. Tax Court, Court of Federal Claims, and U.S. District Court. Prior to joining Crowell, she clerked at the U.S. Tax Court for Judge John Colvin.
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CPE credit is not available on downloads.