Abstract The tax consequences of a particular corporate liquidation depend on many factors, e.g., whether or not the shareholder is a corporation, whether or not a corporate shareholder qualifies as the "parent" corporation, and whether or not certain elections have been made with respect to the liquidation. Different combinations of factors will result in different tax consequences. Tax consequences must be considered at the shareholder level and at the corporate level. In order to simplify the initial analysis of the tax consequences which may result from a corporate liquidation, decision tables were prepared for use by students involved in the study of corporate liquidations. General explanations of the applicable Internal Revenue Code provisions accompany the tables.
Mary Sue Gately (Thu,) studied this question.