TAX2503. Determining the Tax Treatment of S Corporation Distributions

In this session, Tony will illustrate how many tax practitioners go down the wrong path when trying to determine the tax consequences of an S corporation’s distributions. Tony will then explain how practitioners can “keep it simple” by appreciating the differences between shareholder basis, Earnings and Profits, and the S corporation’s Accumulated Adjustments Account and the role each attribute plays in driving the consequences of a distribution.