TEI's Federal Tax Course - Level 2: Corporate Organizations, Distributions, and Liquidations
This self-study course provides an overview of the corporate life cycle from formation to liquidation, focusing on sections 351, 301, 302, 304, 305, 331, 332, and related provisions. Topics include incorporations, taxable distributions and acquisitions, liquidations, and calculating earnings and profits.
Learning Objectives:
After completing this course, participants will be able to:
- Apply the requirements of section 351 to determine whether a transfer of property to a corporation qualifies for nonrecognition treatment and compute the basis in the stock of the corporation and the transferred property.
- Understand the tax treatment of corporate distributions and redemptions under sections 301, 302, and 304, and related provisions and the application of the stock buyback tax to redemptions.
- Analyze the tax consequences of complete and partial liquidations under sections 331 and 332 and planning considerations for troubled companies, including worthless stock losses under section 165.
Course Overview
The content section of the course, delivers the core material of the course. Within each module you will find instructional videos, downloadable slides, and knowledge check questions.
These videos presents key concepts related to professional and regulatory standards in tax practice and is designed to build a foundational understanding of the subject matter. You will also complete a series of knowledge-check questions. These questions are ungraded and are intended to reinforce learning by allowing you to assess your understanding of the material before moving forward. Please note that these knowledge-check questions are provided only as a learning aid and do not constitute a final examination.
After completing the modules, you will proceed to the final examination. The final exam is graded and is designed to assess your comprehension of the course content. Successful completion of the final exam is required to earn CPE credit.
Final Exam
After finishing the modules, you will take the final exam. Here’s what to expect:
- The final exam consists of multiple-choice questions.
- A minimum passing score of 70% is required to complete the course successfully.
- If you’re taking this course for CPE credit under NASBA standards, passing is mandatory to receive credit.
Important Exam Details:
- Select your answer by clicking the radio button next to your choice. Confirm your response before advancing to the next question.
- You can restart the exam at any time, but doing so will reset all prior responses, requiring you to begin again.
- You are required to complete the final exam within one year from the date of purchase.
Completion & Certificate
Upon passing the final exam, you’ll be able to download your Certificate of Completion, which includes your CPE credit information. Make sure to save this for your records.
Course Publication
Publication Date: February 3, 2026
Instructor(s):
Blake Bitter, Counsel, Weil
General Session Information
Access
Online, upon completion of the checkout process, you will be directed to our Learning Management System (LMS) for access to the session.
For member pricing, please login to tei.org
This is a digital product. With full paid access, the content will be available for one year after the purchase date.
CPE Credits
This digital product is eligible for Continuing Professional Education (CPE) credit. Upon passing the final exam, participants are eligible for 8.0 CPE Credit.
Length of Session
The session will take approximately 8.5 hours to complete.
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
None
For more information, please refer to CPE requirements and NASBA sponsorship information.
Terms & Conditions
By purchasing this TEI digital product (TEI Content) you agree to TEI’s Terms & Conditions