[WEB] Corporate Liquidations

Course Details

Date

Tuesday, August 23, 2022

8:30am – 12:00pm
(Registration: 8:30am)

Course Number

CL4

CPE Credit

4.0 hours CPE credit

Instructor

Level of Knowledge

Intermediate

Vendor

Accountant's Education Services (AES)

Prerequisites

Basic understanding of corporate tax

Description

This course will review the applicable rules and regulations as they apply to the liquidation of both a C corporation and an S corporation.

Objectives

  • Discuss the requirements under state law to liquidate a corporation.
  • Apply the 3.8% Medicare tax to the liquidation of a C and S corporation.
  • Describe the filing requirements under federal and state law to liquidate a corporation, including filing Form 966.
  • Distinguish between a sale of assets and a distribution of assets under 331 and 336.
  • Explain the options available for goodwill after Martin Ice Cream.
  • Illustrate when losses are disallowed under 336(d).
  • Describe the tax effect of a liquidation of a subsidiary under 332 and 337 and a QSub election.
  • Illustrate the sale of the assets of a C or S corporation for an installment note and the distribution of the installment note in liquidation of the corporation.
  • Discuss the 338 election, the 338(h)(10) election for an S corporation (and filing Form 8023), and the 336(e) election for an S corporation (and filing Form 8883).
  • Describe the treatment of the payment of expenses and debts after the dissolution of the corporation.
  • Discuss the limitations on the use of losses under 382, 383, and 384.
  • Describe the tax attributes which survive a corporate liquidation and the term transferee liability.

Course Pricing

Early Registration Member Fee

Applicable if you are a HSCPA member in good standing and register by August 11, 2022.

$150.00
Member Fee

Applicable if you are a HSCPA member in good standing.

$200.00
Early Registration Non-Member Fee

Applicable if you are not a HSCPA and register by August 11, 2022.

$300.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$350.00
Your Price $300.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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