Liquidating distributions c corporation

The corporation must recognize a gain on any appreciated property.Depreciation is recaptured on the basis of the fair market value of the assets.Corporations, however, do not receive such favorable terms when selling assets. Cash paid to shareholders upon liquidation is also taxable.A limited liability company, or LLC, has significant tax advantages over a C corporation.While there are some differences, the S corporation basis system is similar to the rules that apply to partnerships.The tax consequences of distributions by an S corporation to a shareholder depend on the shareholder’s basis in the S corporation stock.

An S corporation is not a form of business organization.Every small business is different, and the tax consequences depend on several factors.


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