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S Corporation Liquidations Self-Study

Summary

An S corporation may decide to liquidate for various reasons. For example, it could be going out of business because the corporation has had losses for years, or maybe business was good, so the S corporation is selling all its business assets and closing the corporation. Either way, tax professionals should know how to handle an S corporation liquidation, so they can explain all the tax consequences and reporting requirements to their clients. This course utilizes a case study throughout the course to examine the key tax issues regarding S corporation liquidations.

Objectives

Upon completion of this course, you will be able to:

  • Determine the date of liquidation
  • Explain how the S corporation and its shareholders are taxed in a liquidation
  • Summarize the reporting requirements when an S corporation liquidates
  • Prepare a final Form 1120-S, U.S. Income Tax Return for an S Corporation

Course Details

This course includes an e-book and exam questions to help you earn CPE. CPE is issued after the exam is successfully completed.






   

Presented by:

How to Earn CPE

To receive credit for this self-study course, you must successfully pass the course exam with a score of 70% or better.

Self-study courses and exams generally expire one year from the date of purchase. The AFTR course expires on December 31 of each year as required by the IRS.

Cancellation Policy

​Because this is an online education offering, it is nonrefundable.

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