Excess Deductions (LITX14/24)

Taxes

Excess Deductions (LITX14/24)

A common audit issue is the loss limitation rules, and basis is a high priority audit issue for the IRS for S-corporation shareholders. This program focuses on how to correct a situation where a client deducted losses in excess of their basis in an S-corporation; anyone dealing with S-corporation shareholders will benefit. Discussion Leader: Ian Redpath