August 1, 2025 | Webinar
Emily Uppleger, CPA and Director at Prosperity Partners, was a featured speaker in the Strafford webinar “Outside Basis: Determining, Documenting, and Reconstructing for Partners, Members, and Shareholders,” conducted live on August 1, 2025.
In her presentation, Emily provided practical guidance on one of the most critical and complex aspects of flow-through entity taxation—calculating and documenting outside basis. She walked attendees through common challenges practitioners face, including handling distributions and losses in excess of basis, identifying audit red flags, and reconstructing outside basis when prior records are incomplete or inaccurate.
Key takeaways from Emily’s session included:
- Properly documenting outside basis from entry to exit of a partner or shareholder
- Differences in basis calculations between partnerships and S corporations
- IRS focus areas and how to avoid common audit pitfalls
- Best practices for reconstructing basis using client records and prior filings
- Strategies for calculating losses in excess of basis and managing carryforward schedules
Emily’s insights drew on her 15+ years of experience advising clients in tax planning and compliance across diverse industries, emphasizing both technical accuracy and practical strategies for practitioners.
The panel also included Marcus E. Dyer (Withum Smith+Brown), who shared additional perspectives on federal tax compliance and controversy matters.
Click here to access the recorded webinar and explore Emily’s full presentation.