Self-Study

Surgent's Complete Guide to Liquidation of Business Entities (CGLB)

  • Wednesday, May 1, 2019 – Thursday, April 30, 2020

  • 12
    CREDITS
    Taxes

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.

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

Highlights

  • 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

Additional Information

Designed For

CPAs in public accounting and industry involved in business entity liquidations

Vendor

Surgent

Advanced Preparation

None

Prerequisite

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

Field of Study

Taxes

Course Number

1925408

Level of Knowledge

Intermediate

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