13. Father owned 20 shares( with a basis of $1,000 per share), Son owned 10 shares, and stranger owned 70 shares in FSS, Inc. Corporation E&P is $100,000. Corporation redeemed 15 of father's shares for $45,000. Discuss tax consequences to father.

14. Dead Corporation, a C corporation, fully liquidates and distributes its sole asset, land (fmv $50,000, basis $20,000) to its sole shareholder Ima Dye (basis $10,000 in stock). Discuss the tax consequences to the corporation and the shareholder.