Completing Form 7203 Webcast [7203]

Jun 16, 2022
Time: 11:00am - 1:00pm



Credit Hours:



Member: $100.00
Non-member: $175.00

Print Page

Discussion Leader:

George Koutelieris & Greg White    more info

George Koutelieris, CPA, is a shareholder with the firm Johnson & Shute P.S. He subsequently received his Master’s in Taxation from Golden Gate University graduating with Highest Honors in 2010 and being awarded the Outstanding Graduate Tax Student Award for the Seattle campus of Golden Gate. He is currently an Adjunct Professor at Golden Gate University teaching various tax courses. George’s practice includes planning and consulting on complex transactions including formations, liquidations, mergers and acquisitions, purchase and sales, multi-state and international tax for closely held businesses and their owners. In addition, George provides compliance and representation services before the IRS and various state taxing agencies for clients. George is also an active speaker on various tax topics, having presented in the past for Golden Gate University, the Washington Society of Certified Public Accountants, the Alaska Society of CPAs and the Oregon Society of Certified Public Accountants.

Greg White, CPA, has practiced tax accounting for more than 35 years. He is founder, shareholder, and President of CPA firm WGN, P.S. in Seattle, Washington, which serves a successful entrepreneurial client base. He also owns and operates State of the Art Tax, LLC, a tax education company. Greg is in his twelfth year as an Adjunct Professor at the Golden Gate University’s Seattle Campus. Greg is licensed to practice in and has argued cases before the U.S. Tax Court. He has been named a “Top 50” IRS Practitioner by CPA Magazine. Greg has extensively presented tax CPE, predominantly on the west coast, over the last decade and has written and presented live courses and webinars for CCH and others nationally. He has presented tax topics in the Pacific Northwest on TV including spots on KOMO TV and King TV.

close close

Website registration for this course closes on June 15, 2022. To register after this date please contact the society at or 907-562-4334.

Full Description

Completing Form 7203 Webcast (7203)
*Season Tickets / Season Passes Not Valid For This Course*

June 16th, 2022 / 11:00 am - 1:00 pm Alaska Time

New Form 7203 presents a bundle of challenges. Join George Koutelieris and Greg White for a review of sample prepared Forms 7203, which you will be able to use as templates. Learn about the underlying issues including open account indebtedness and how to report it on Form 7203. Plus, delve into issues like the proper ordering of income and loss items to determine which suspended losses are carried over to the next year.

Major Topics Covered:
- Reporting equity on Form 7203.
- Reporting shareholder loans, including open account indebtedness.
- Calculating and reporting the amount of loss limitations.
- Sample Forms 7203 illustrating the tax principles behind shareholder loss limitations and distributions in excess of basis.

Learning Objectives:
- Learn how to report income and loss items on Form 7203.
- Identify the proper method for reporting shareholder loans.
- Identify open account indebtedness and how to report it.

Designed For: CPAs and other accounting professionals

CPE Credits: 2, Taxation

Level of Knowledge: Update

Prerequisite: None

Acronym: 7203

Discussion Leader: Greg White, CPA & George Koutelieris, CPA