# Adjustments to Basis of Stock and Indebtedness to Shareholders of S Corporations and Treatment of Distributions by S Corporations to Shareholders
> **IRS** · Final regulations. · Published 1994-01-03 · Effective 1994-01-01 · 59 FR 12
## Document
- **Document number:** 93-31928
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 59 FR 12
- **CFR reference:** 26 CFR 1
- **Publication date:** 1994-01-03
- **Effective date:** 1994-01-01
- **Treasury docket:** Federal Register: January 3, 1994
## Abstract

This document contains final regulations under section 1367 of the Internal Revenue Code relating to adjustments to the basis of a shareholder's stock in an S corporation and the basis of indebtedness of an S corporation to a shareholder. This document also contains final regulations under section 1368 of the Internal Revenue Code relating to the treatment of distributions by an S corporation to its shareholders. Changes to the applicable law were made by the Subchapter S Revision Act of 1982, the Technical Corrections Act of 1982, the Tax Reform Act of 1984, and the Tax Reform Act of 1986. The final regulations affect S corporations and their shareholders and are necessary to provide them with the guidance they need to comply with the applicable tax law.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1994/01/03/93-31928/adjustments-to-basis-of-stock-and-indebtedness-to-shareholders-of-s-corporations-and-treatment-of)
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