Need help with C Corp basis

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  • #195391
    Anonymous
    Inactive

    So I am using Becker and I have watched the videos, read the book, searched another71.com, Google etc. and I still don’t get C Corp basis. Does anyone have a good resource that breaks it down in terms of what the corp/shareholder record? I think Becker does an awful job with this area and I am super frustrated.

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  • #681650
    CPA CMA
    Participant

    It might be helpful if you look up the info from any review book and classify them into the following categories: formation, operation, current distribution and liquidation.

    Master of Professional Accountancy (MPA) 12/17/2014

    BEC 76 (10/3/14)
    FAR 75 (10/24/14)
    REG 83 (4/6/15)
    AUD 75 (4/20/15)
    Anticipated Licensure: August 2016

    CMA part 1 passed (6/15/15)
    CMA part 2 Passed (9/4/15)
    Anticipated Licensure: August 2017

    #681651
    Anonymous
    Inactive

    @CPA CMA, thanks. I do have them broken out like that on flashcards but I consistently get them wrong and I feel like it is because I have the in's and out's wrong. I might need to dig out my tax textbook.

    #681652
    Anonymous
    Inactive

    I tried to help in the REG Study Group, but not sure exactly how much help I was! 🙂

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