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On Demand

S Corporations: Calculation of AAA, Basis Calculations and Loans

Total Credits: 2

Average Rating:
Steven C. Dilley, CPA, JD, PhD
Course Levels:
2 hours
Product Type:
On Demand
Access for 1 year(s) after purchase.


This presentation will provide a detailed analysis of the tax calculations related to the S corporation accumulated adjustments account, other adjustments account, and accumulated earnings and profits. The calculation of shareholder's basis for their S corporation shares and the treatment of S corporation distributions will be covered, as well as how to use loans to S corporations as basis for loss flowthroughs and payment of reduced basis loans.

Course Materials


Steven C. Dilley, CPA, JD, PhD Related seminars and products

Steven C. Dilley, CPA, JD, PhD is President of Federal Tax Workshops, Inc., East Lansing, Michigan, where for the past 36 years, his organization has prepared continuing professional education materials and presented seminars for accountants and attorneys throughout the United States. He is nationally known for his knowledge of the financial, accounting, and tax problems of the closely held business. He has published numerous articles on these topics. In addition, Steve is a Professor of Accounting at Michigan State University, East Lansing, where he teaches tax accounting and was nominated in 2004 for the "Educator of the Year Award." He obtained his PhD in accounting, law degree and an undergraduate accounting degree from the University of Wisconsin-Madison. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, The American Accounting Association, AICPA, American Tax Association, and Hawaii Association of Public Accountants.



Overall:      4.3

Total Reviews: 15

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