The dramatic shift in rules governing corporate liquidations in the Tax Reform Act of 1986,1 has led to the development of strategies to ease the draconian provisions that have governed corporate liquidations for the past two decades including shifting to S corporation status.2
Harl, Neil E.
"The Trap in Liquidating an S Corporation That Was Formerly a C Corporation,"
Agricultural Law Digest: Vol. 19
, Article 1.
Available at: https://lib.dr.iastate.edu/aglawdigest/vol19/iss11/1