2021-07-26 Proposed S Corporation Basis Forms
This week we look at:
Taxpayer fails in attempt to use Cohan rule to obtain deductions
IRS proposes Form 7203 to use by shareholders to report basis in S corporation
IRS can consider potential recovery against executor as part of offer in compromise
IRS opens up site for full electronic submission and signing of Forms 2848 and 8821
An audio only version of this week’s broadcast can be streamed or downloaded below
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2021-07-26 Proposed S Corporation Basis Forms
Articles and copies of the slides for this week’s update can be downloaded below: