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Subchapter C Distributions and Redemptions

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Course Description

A corporate distribution of property to a shareholder can be executed many different ways. Accountants must recognize the concept of corporate earnings and profits and be able to distinguish whether distributions are dividends, redemptions, liquidations, or Section 306 bailouts. This course provides the tools needed to fully understand and discuss corporate distributions. The course covers the computation of constructive stock ownership using the family and entity attribution rules; the six types of redemptions treated as exchanges; how to calculate precisely the tax effect of a complete liquidation on a corporate shareholder; and how to avoid the accumulated earnings tax, which is highly valuable knowledge for a closely held corporation.

Learning Objectives

Upon successful completion of Subchapter C Distributions and Redemptions, the user should be able to:discuss corporate distributions;summarize redemptions, attribution, and Section 306 bailouts;identify redemptions treated as exchanges;explain complete liquidations; andcalculate corporate penalty taxes.

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Learning Format 5 Hours
Self-Study / On-Demand

Credit Type(s)
Taxes