While S corporation shareholders have always been required to maintain stock and debt basis schedules to ensure proper passthrough reporting, the IRS has now formalized this responsibility with the requirement that, in many circumstances, new Form 7203 must be attached to a shareholder’s 2021 Form 1040. Learn about this requirement, including the logistics and practical considerations that go into maintaining shareholder basis and preparing Form 7203.
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What Attendees Are Saying
“The Q&A sessions are my absolute favorite part of the program. The examples presented for every issue are great as well.”
"Excellent presenters. Great materials which will be a valuable reference."
"I enjoyed the interaction between the two presenters and casual atmosphere. Good outline and book to use later."
"Both presenters took difficult subject matters and made them very understandable."
"The class was very upbeat and moved along quickly. I enjoyed looking at the BIG picture to help analyze other situations."
"The overall topic range was great. I liked the fact that Chuck and Michael kept the training moving and we did not dwell too long in any given area."
"Presenters were excellent and have great presentation skills."
"The pace of the program was good. The planning examples were also useful in that they have practical application."
"Enjoyed the depth and easy delivery — very polished — very professional."
"Enjoyed the ability of the speakers to make difficult subjects interesting."
"I learned things with immediate value added to my clients."
"Enjoyed the ability of speakers to mesh rules with practical examples."
"I thought the material was presented very well. The interaction between the speakers kept the discussions interesting. Additionally, I found their teaching style to be very informative."
"Excellent coverage of the topics; organized and on schedule. First class job on all accounts. Love the approach of emphasizing concepts and transactions."
"Messrs. Levun & Cohen tackle and explain the 704 and 752 rules with very professional workbooks and examples."
"I enjoyed the transaction approach to learning — it is very, very effective."
"It was extremely informative — just what I had been looking for to expand my knowledge in the area....Helped me to be even more aware of the areas where more in-depth knowledge is required than I have and yet to also be able to do more on my own."
"This is exactly what I needed to grow my practice! Wish I had done this years ago."
"The panel is the most knowledgeable and practical of all professional seminars I attend."
"I liked the team approach and that all stayed involved throughout the program. Covered lots of material in detailed fashion without being boring."
"A great job. Best part is instructors’ access to questions."
"Enjoyed the panel approach, interaction between the panelists and audience. Common sense, down to earth approach to tough issues and focus on planning ideas and products."
"Enjoyed the use of real world situations with structural analysis and alternative solutions to problems. Interaction between panel keeps program interesting."
"This is one of the best planned programs I attend each year. The best I should say. Also, the obvious competence of the faculty in presentation makes it #1."
"I especially like the use of practical examples and live transactions as well as the instructors' thoughts. This clearly sets this forum apart from other programs. I also enjoyed the review of the economics of the various transactions! Very well done!!"
"I enjoyed the cutting-edge planning techniques.... Simply the best program out there."
"Great explanations and speaker interaction with each other and the audience."
"They are the most creative in the discussion leader business — I talked five tax partners into coming and they loved it."
"Levun & Cohen are the best tag-team discussion leaders I've ever encountered."
"Enjoyed that all instructors participated in each subject, the discussion among them, and the perspectives and presentation that flowed evenly. It was the best seminar I have ever attended."
"Cohen & Levun are outstanding presenters who do an excellent job of integrating examples with technical rigor. These materials are the best I've ever seen at integrating new laws/regs/authority with existing materials and examples."
"Enjoyed the instructors! They did a great job of presenting complicated materials. The transaction-oriented format was excellent. This is probably the best training session I've ever been to."
"You just can't find their combination of experience, knowledge and expertise in communication and application of knowledge anywhere else!"
"Enjoyed its practical application to client issues and matters. One of the best seminars I have attended."
"This program always pays for itself many times over, as I can apply many of the items discussed to multiple clients."
"Truly helped me take my practice to the next level."
I get ideas that are extremely relevant and applicable… and a validation of things I have already done.”
"Event was well put together for the virtual format. Of the virtual CPE I have done, this by far has been the best."
"Best program in the area of partnerships and S corps I have attended in my 35+ years of practicing as a CPA/tax advisor."
"Adapted well to the virtual experience this year, really enjoyed it and greatly appreciate all of the time, energy and effort from the team that went into pulling it off this year."
"I thoroughly enjoyed this seminar being virtual. The effort that was put in to make this interactive and informative was very obvious and appreciated."
"The content is always relevant to my practice and incredibly helpful."
“In the 47 years I have been in CPA practice, I have been to gazillions of seminars. None have come close to the level and consistency of quality that I have experienced in the many years I have attended the Forum.”
"The perfect balance of technical training coupled with real-life transactions. A favorite of the staff year after year."