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S Corporations: Formation and Liquidation (Second Edition)

James A. Fellows

Most tax practitioners understand the tax rules surrounding the operation of an S corporation. However, there are some interesting points that should be noted at the initial incorporation of an S corporation, and at the time of liquidation.

S Corporations: Formation and Liquidation reviews these issues, including:

  • Formation of the S Corporation
  • Carryover and substitution of basis
  • Receipt of boot and the recognition of gain
  • Liabilities, shareholder gain and the case of zero tax basis
  • Code Sec. 1244 issues at formation
  • Liquidation of the S Corporation
  • Liquidating distributions and related parties
  • Liquidation of notes payable to shareholders
Course Details
Price:  $60.00
Field of Study:  Taxes
Prerequisites:  Basic understanding of S corporation taxation
Level:  Intermediate
CTEC course number:  1075-CE-4185
Course was last updated on:  10/21/09
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Library:
Learning Center Core

Technical Requirements:
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Credit Available For: Units
CPE 5 CPE
QAS 5 CPE
CFP® (Accepted by the CFP Board) 5 CPE
Enrolled Agent (Accepted by the IRS) 5 CPE
CTEC Federal 5 CE

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.

User Reviews
Reviewer: Susan E. submitted on 11/29/2009
good examples throughout
Reviewer: Robert K. submitted on 09/25/2009
Numerous subject areas and content was detail
Reviewer: Jillian P. submitted on 09/22/2009
Good test questions that truly test understanding of concepts
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