What is a liquidating distribution what is a nonliquidating

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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?

Reference no: EM13394516

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