IRS Practice Unit: Treatment of S Corp Shareholder Losses Exceeding Basis

The IRS has issued a practice unit for auditors addressing the issue of whether an S corp shareholder has sufficient basis to claim losses and deductions passing through from an S corporation.

See practice unit by clicking S corporations – Shareholder Losses Limitations – Losses Claimed In Excess of Basis.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s