Liquidation of S Corporations: Mastering Tax Implications ...

Oct 22, 2015 · Recognition Period • The built-in gains tax applies to any taxable year that begins during the recognition period. Section 1374(a). • The recognition period is the ten year period beginning with the first day of the first taxable year for which the corporation was an S corporation. Section 1374(d)(7).

  Periods, Corporation, Recognition, S corporation, Recognition period