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The IRS has just released a completely new form, Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations. This form must be filed with an S corporation shareholder’s 1040 under a variety of different circumstances.
"The seminar at Umberto's was fantastic! The seating was comfortable and there was plenty of personalized attention. Great instructor and I highly recommend NYSTAP. I went into this course confused and came out being able to understand the material. I have a much better grasp now that I've taken this class, highly recommend."