Description
Adv Bus Cert Program: How to Dissolve Different Types of Businesses – 2 CE Federal Tax
IRS Program #: X9QQU-T-01147-24-O
CTEC #: 6257-CE-0307
CE: 2 IRS and 2 CTEC credits
Speaker: Jane Ryder EA, CPA
This program will work the processes involved to wind down and terminate various form of businesses. There will be time spent working with partnerships, S-corps, C-corps, and LLCs of all types. The course will analyze the transactions from the perspective of both the business and its ultimate owners.
Learning Objectives:
- Learn about corporate dissolutions and the distribution of property to shareholders in a corporate liquidation
- Review the reporting requirements for a corporate dissolution at both the IRS and state level.
- Be able to calculate gain or loss to the shareholder upon dissolution as well as the character of the reporting.
- Understand partnership dissolutions and its impact on the basis of property to both the partnership and the partner.
- Be able to calculate gain or loss to the partner as well the character of the transaction in a partnership liquidation.