How do the tax consequences of S corporation liquidating distributions differ from the tax consequences of S corporation operating distributions at both the corporate and shareholder levels ...

For operating distributions S corporations recognize gain but ...

How do the tax consequences of S corporation liquidating distributions differ from the tax consequences of S

Question:

How do the tax consequences of S liquidating distributions differ from the tax consequences of S operating distributions at both the corporate and shareholder levels?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...