CANNABIS BUSINESS SEries
S-Corporation Shareholder Basis Template
A free excel based template to track S Corporation shareholder basis.
In 2018, the IRS expanded adjusted basis tracking responsibilities, requiring shareholders to attach their adjusted cost basis figures to their timely filed tax returns. Correct basis figures are especially important when a loss, distribution, stock disposition, or loan repayment occurs during the year. This excel-based template makes tracking shareholder adjusted basis a snap!
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Frequently Asked Questions
Are your cannabis tax accounting education courses approved for continuing professional education (CPE) hours?
Not at the moment. We are in the process of becoming an approved continuing education provider for the Internal Revenue Service so our students can earn credit hours for our courses. Upon IRS approval, we will offer CPE credit hours for IRS Enrolled Agents, Oregon Licensed Tax Consultants & Licensed Tax Preparers. CPE hours will also qualify for Chartered Financial Consultant (ChFC), and Certified Financial Planner (CFP) designation holders.
Will your cannabis education programs provide the necessary knowledge to enter this lucrative and exciting industry?
Our flagship course provides students with a complete overview of Internal Revenue Code Sections 280E and 471. The courses cover how to calculate cannabis cost of goods sold (COGS), account for inventory under IRC 471 (3) & (11), GAAP accounting basics (including cost / full absorption accounting), how to prepare GAAP compliant financial statements, the basics of cannabis business entities, and the preparation of cannabis tax returns.
What if I have questions about the cannabis tax accounting education course material?
f you have any questions, you may call or email and we will respond within 24 hours.
Are there any time limits on finishing the course material?
No! You may take all the time you need to work through the course materials!