Corporate Liquidations

Date: Tuesday, May 17, 2022
Instructor: Jennifer Kowal
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

It is often said that corporations are like lobster traps, easy to get into and hard to get out of. The tax consequences of liquidating a corporation vary, depending on the facts involved and the form the liquidation takes. Liquidations to non-corporate shareholders generally require paying a corporate level tax, while subsidiary liquidations do not. This webinar covers the tax consequences of both types of corporate liquidations, from the shareholder and corporation’s perspectives.

Who Should Attend
Tax practitioners at all levels who advise on the liquidation of corporations.

Topics Covered

  • Section 331 corporate liquidations
  • Section 332 corporate liquidations (subsidiary liquidations)
  • Section 311 gain
  • Calculation of corporate and shareholder gain, and basis effects of liquidation

Learning Objectives

  • Recognize and explain the difference between a section 331 and section 332 liquidation and the tax consequences of each
  • Identify how to calculate gain or loss on corporate liquidations of both types, from corporate and shareholder perspectives.
  • Describe how to determine tax basis of property received in corporate liquidation
  • Recognize how to gain familiarity with potential tax pitfalls in corporate liquidations

Level
Intermediate

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of liquidation of corporations.

Advance Preparation
None

Registration Options
Individual
Group
*Note: 3 or more qualifies for discounted Group Participant Fee
Fees
Regular Fee $106.00
Group Participant Fee $86.00

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