What is a liquidating distribution


What is a liquidating distribution? What is a nonliquidating distribution? Provide an example of each.

What is an inadvertent termination of an S election? How does an S corporation and its shareholders rectify an inadvertent termination? What could happen if a company fails to rectify the termination?

What events will cause an S election to terminate? What would you recommend S corporations do to plan for an orderly termination of an S election?

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Accounting Basics: What is a liquidating distribution
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