Shareholders must keep thorough and accurate records to support their stock basis. (See Treas. Reg. § 1.6001-1(a) and they are...

If you're struggling with the technicalities of S Corp basis, you’ve come to the right place. This blog dives deep into how stock and...

In an S corporation , owners can only deduct the company’s losses or expenses if their basis  is high enough. Basis  means how much money...