In this live zoom video conference students will learn the four pages of instructions and the new Form 7203 itself to understand how this new form is constructed, when it is required to be attached to a SHAREHOLDER’S tax return, and how to avoid some of the undesirable results that are suggested both by the form and its instructions. After completing this program, participants will be able to prepare Form 7203 correctly for shareholders of S corporations with respect to their tax basis in stock and debt. This program is group discussion friendly, and questions are encouraged during the presentation. Ideal for CPAs, EAs, and CFPs.