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6:44
YouTube
Freyman CPA
IRS Form 7203 Developments - Shareholder Basis Reporting For S Corporations 2021
The IRS is revving up reporting with new form 7203 - tracking shareholder basis in an S corporation. Shareholders/owners of an S corporation are responsible for tracking their basis in the entity. Basis means the equity in the business or what a shareholder is financially are at risk. Examples of increases in shareholder basis would be capital ...
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