Course Information

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Tax Considerations in Closing a Business
Author: Sidney Kess and Barbara Weltman

Description:
The focus of this course is the tax considerations in closing a business.

It looks at key provisions, developments, and potential changes on the horizon that will affect individuals and businesses.

Topics covered include:

  • Decisions About Closing the Business
  • Sale of Business Assets
  • Liquidations of Corporations
  • Dissolutions of Partnerships
  • Impact on Employees
  • Final Income Tax Return
  • Expenses of Winding Down a Business
  • Special Reporting Rules For Corporations
  • Non-tax Matters
  • Aborted Business Ventures
  • Keeping Records

Course Details:
Price:  $37.98
Field of Study:  Taxes
Prerequisites:  Basic understanding of Federal tax law
Level:  Overview
CTEC course number:  1075-CE-7177
Course was last updated on:  01/20/2010
Library:
Learning Center Core
Corporate

Technical Requirements:
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Credit Available For: Units
CPE 2.00 CPE
CTEC Federal 2.00 CE
Enrolled Agent (Accepted by the IRS) 2.00 CPE
QAS 2.00 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.