S corporation shareholders are required to maintain their basis in the S corporations stock. This nano-learning course covers why accurate basis records are required, how to calculate initial basis, how to adjust basis annually, and the order of adjustments to stock basis. Various examples are presented. This basic level course is most beneficial to professionals new to S corporation taxation who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this topic. Not all state boards accept nano-learning courses for CPE credit. Please verify that your state board accepts nano-learning courses for CPE credit.