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ACC317 Advanced Federal Taxation
Question Description
Read the article,” Determining Tax Consequences of Corporate Liquidation to the Shareholders “by Albert B. Ellentuck, Esq. published in The Tax Advisor on September 1, 2012. The article provides a very good explanation of the impact of liquidations on corporate shareholders. Discuss at least two potential consequences to shareholders that could result from the liquidation of a closely held corporation identified in the article.
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