This webinar will delve into a case study on the planning, tax calculations, property dispositions and dissolution filings required to liquidate an S corporation.
The panel will provide a briefing on the general rules stated in IRC Section 1371 tying liquidation rules back to those applying to C Corps, detailing the gain/loss on distributions in exchange for stock, and outline two-three scenarios illustrating the rules in action.
Stock Basis Rules Under the proposed regulations, the basis of stock is adjusted in the following order: Increases a.
Capital contributions by shareholders to the corporation; b.
Presentation materials can be viewed on your screen.
PDFs of the presentations are also available on each program's web page.
Many S shareholders have two investments in the corporation - the investment in corporate stock and loans made to the corporation.