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The Complete Guide to Liquidation of Business Entities (CGLB)

  • Format Self-Study Download
  • Credits 8.00
  • Level Intermediate
  • Field of Study Taxes (8)

Overview

Liquidations may be used as an alternative to the sale of a business or as an adjunct to the sale of business assets. The objective of this course is to fully explore the technical tax and business issues in liquidating C corporations, S corporations, partnerships, and limited liability companies. This unique course is essential for anyone planning to sell a business.



Major Topics:

  • The impact of recent legislation
  • Unique planning opportunities and tax traps involved in the liquidation of a business entity
  • Installment sales and the big hurdles to favorable tax treatment in liquidation
  • Form 966 and its importance
  • An analysis of liquidation timing
  • Strategies to pursue in light of the tax rates on dividends and capital gains
  • The special problems of liquidating subchapter S corporations
  • Key planning issues and benefits in liquidating partnerships and limited liability companies
  • Expansion of the carried interest provisions of Rev. Proc. 93-27

Learning Objectives:

  • Describe the tax consequences to a corporation and its shareholders of a complete liquidation
  • Discuss alternatives to liquidation
  • Understand the particular issues in the liquidation of an S corporation
  • Consider the options available on complete liquidation of a partnership or LLC

Who should take this course:

CPAs in public accounting and industry involved in business entity liquidations

A basic course in partnerships/LLCs, S corporations, and C corporations

None

Yes

No

No

QAS Approval Surgent
IRS Approval Surgent
CFP Approval Surgent
CTEC Approval Surgent
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