This template calculates stock basis, the accumulated adjustments account (AAA), the other adjustments account (OAA), previously taxed income (PTI), retained ...

21 июл. 2024 г. · The Other Adjustments Account (OAA) includes items that affect shareholders' basis but are not included in the AAA. Examples include tax-exempt ...

31 янв. 2014 г. · The OAA reconciles those items that increase or decrease a shareholder's stock basis but not AAA, primarily tax-exempt income and deductions ...

1 апр. 2022 г. · The accumulated adjustments account (AAA) tracks the amount of undistributed income that has been taxed to S corporation shareholders after ...

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Опубликовано: 9 июл. 2024 г.

The third and last account is the other adjustments account, or OAA. This is a running account of items that affect basis but not the AAA account. In essence, ...

Accumulated Adjustments Account (AAA) ... If the distribution reduces AE&P to zero, any remaining distribution will reduce the Other Adjustment Account (OAA).

24 авг. 2021 г. · The AICPA stance (based on the letter to the IRS) is that the expenses should offset the tax exempt income in OAA.

18 июн. 2020 г. · Generally, there is little difference between the AE&P of a C corporation and the accumulated retained earnings of that C corporation. Sourcing ...

11 мар. 2022 г. · The accumulated adjustments account (AAA) is a special S corporation account that exists only for tax purposes. It is not apportioned among shareholders.