5) You started and operated a corporation for a number of years. The value of the stock you hold in your corporation far exceeds the tax basis of the assets of the corporation. This is due primarily to your successful operation of the business such that there is a large value assigned to Goodwill of your business. What is the tax treatment to you if you sell all your shares? Do you have a gain that you must pay tax on? If so, how would that gain be taxed? What, if instead, you sold all of the assets, including the Goodwill, to the buyer, and then you liquidated the corporation? How would the gain be taxed? Would you be taxed on the liquidation?