Chat with us, powered by LiveChat

Business Liquidation (BUSL)

Customer Rating
Field of Study
Taxes
Level
Intermediate
Credits
12
Qualifies For
IRS CPE



Price:  $119.99
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.

Additional information

Credits

12

Format

Self-Study Download

Company Code

Self Study

Yellow Book Approved

0

CFP Approved

0

IRS Approved

1

CTEC Approved

0

Field of Study Credits

Taxes (Technical) (12)

Field of Study Department

Taxes (Technical)

Course Version

2019-01

CPE Approved

1

Pre-requistes:

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

Knowledge Level:

Intermediate

Major Topics:

  • Key planning issues and benefits in liquidating partnerships and limited liability companies
  • 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
  • Impact of the Tax Cuts and Jobs Act of 2017

Learning Objectives:

  • Understand the particular issues in the liquidation of an S corporation
  • Consider the options available on the complete liquidation of a partnership or LLC
  • Understand, apply SSARS No. 21, Clarification and Recodification
  • Describe the tax consequences to a corporation and its shareholders on a complete liquidation and the alternatives to a liquidation

Designed For:

CPAs in public accounting and industry involved in business entity liquidations
Follow by Email
Facebook
Twitter
LinkedIn