EPISODE · Aug 12, 2025 · 8 MIN
Understanding Complete Liquidation of an S Corporation
from #LegalBytes: The Official Podcast of Cummings & Cummings Law · host chadvt
This podcast explains the complete liquidation of an S corporation, covering both corporate- and shareholder-level tax consequences. It outlines how asset sales or distributions are taxed, including built-in gains, depreciation recapture, and special installment sale rules. The discussion highlights common misconceptions and planning opportunities. Visit our firm website at www.cummings.law.
What this episode covers
This podcast explains the complete liquidation of an S corporation, covering both corporate- and shareholder-level tax consequences. It outlines how asset sales or distributions are taxed, including built-in gains, depreciation recapture, and special installment sale rules. The discussion highlights common misconceptions and planning opportunities. Visit our firm website at www.cummings.law.
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Understanding Complete Liquidation of an S Corporation
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