Your company must continue to file a Company Tax Return and pay Corporation Tax on taxable profits arising from: Your company will pay any Corporation Tax due during the winding-up period at the same rates as before the winding up period started.
These are known as "partial liquidations." IRS rules state that the distribution of proceeds from a partial liquidation must be part of a plan made within the current tax year that is approved or enacted within the following taxable year.
The capital gains rate is typically lower than the earned income tax rate.
If the investor took a loss on the sale, up to ,000 of that loss can be claimed on that year's income taxes.
The worst outcome for a stock liquidation occurs when the company goes out of business.
The stock liquidation terminates the shareholder's interest in the company in exchange for the cash proceeds from the stock sale.