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 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

Major Subjects

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

Instructions

None