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Event Description

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.

Designed For

CPAs in public accounting and industry involved in business entity liquidations

Objectives

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

Major Subjects

  • Impact of the Tax Cuts and Jobs Act of 2017
  • The unique planning opportunities and tax traps involved in the liquidation of a business entity
  • Understanding installment sales and the big hurdles to favorable tax treatment in liquidation
  • Filing Form 966: it’s more important than you think
  • An analysis of when liquidation is advisable – now or later?
  • 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

Prerequisites

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

Instructions

When you purchase a Surgent CPE on-demand course, it must be taken by June 30, 2019, to receive credit.
Within 5 minutes after your purchase, you will receive an email from info@surgent.com that explains how to access your course and materials.
Once you complete a course, please allow up to 30 days to receive you certificate of completion.
If you have further questions, please email info@surgent.com or call 800.778-7436. Their help lines are staffed Monday-Friday from 8:30 am to 5 pm Eastern Time.