Vermont Society of Certified Public Accountants
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Surgent's The Complete Guide to Liquidation of Business Entities

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Member Price: $159.00
Non-Member Price: $279.00

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Developer:
SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:
Taxes: 8.00
Fields of Study:
Taxes
Level:
Intermediate
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.

Objective

  • 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

Highlights

  • 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

Designed For

CPAs in public accounting and industry involved in business entity liquidations

Prerequisite

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

Advanced Preparation

None
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