A focus on special topics for S corporations

Learning objectives

After completing this course, the learner should be able to:

Identify the termination options of S status including the following:

  • Termination by revocation
  • Termination by ceasing to be an S corporation
  • Termination of waivers

Effect of termination Define redemption options such as:

  • Redemptions treated as distributions under Section 301
  • Redemptions treated as sales or exchanges under Section 302

Identify liquidation options including the following:

  • Shares owned by a qualified subchapter S trust
  • Distribution of installment obligations

Identify reorganizations options which can include:

  • Asset acquisition by an S corporation
  • Asset acquisition by a C corporation
  • Stock for stock exchanges
National Registry of CPE Sponsors

A Becker Professional Education is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823

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