Thank you very much for the response, and I will follow your feedback accordingly! The corporation will report the liquidation as a dividend distribution (NOT a...
Thank you again for the advice.I will try to be as clear as possible with this post to try and avoid any further confusion.I am the sole owner of this C corpora...
This is why this issue has been so difficult to understand! Some folks say I only need to report the (complete) liquidation as a 1099-DIV, nontaxable event, whi...
OK, that is great!So to be 100% clear, information I was reading online saying liquidation is a taxable event for the corporation is just plain wrong?And I don'...
Sorry, i am just trying to get this right.From some other site online it says"If the corporation distributes an amount greater than shareholders' basis in their...
