Explore the meaning of "basis" in finance, focusing on its tax implications and role in investment transaction. Learn how it ...

According to IRC section 1366(d) the aggregate amount of losses and deductions an S corporation shareholder may take into account for any taxable year may not exceed the sum of the adjusted basis of ...

Two brothers’ additional capital contributions to S corporations of which they were shareholders could not offset their ordinary income from payments for loans they made to the corporations, the Tax ...

Reinvest dividends to buy more shares; consider tax when selling shares accumulated via DRIPs. Dividends received outside IRA are taxable, increasing your stock's tax basis over time. Track cost basis ...

In this Part XI of my multi-part series on some of the not-so-obvious aspects of S corporations, I explore a topic that should be obvious but which appears to be ignored by many taxpayers and their ...