• In General
    In General . Definition of a Complete Liquidation . Neither the Code nor the Regulations under § 331 define what constitutes a complete liquidation. However, Reg. § 1.332-2(c), which covers a...

  • Liquidating Distributions to Shareholders
    Liquidating Distributions to Shareholders . General Rule . Section 331 provides the general rule with regard to corporate liquidations that amounts distributed in complete liquidation are treated as...

  • Liquidations of Controlled Subsidiaries
    Liquidations of Controlled Subsidiaries . In General . Section 332 excepts from the general recognition rule of § 331(a) distributions in complete liquidation of subsidiaries. Thus, under certain...

  • SCOR201 A 03
    ANSWERS TO QUESTIONS FOR DISCUSSION 4. Target corporation, T, is a calendar year, accrual basis C corporation. T's 1,000 shares of common stock are owned by three unrelated individuals as follows:...

  • Appendix B
    APPENDIX B Corporate Liquidation Checklist A plan of complete liquidation should be adopted by the Board of Directors and generally more than 50% of the shareholders must approve the plan under state...

  • Chapter 1 Questions
    QUESTIONS FOR DISCUSSION 1. Complete Liquidations - No General Utilities Doctrine a. State law - What does one have to do under state law to dissolve a corporation? b. Form 966 c. Statutory...