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Tax Aspects of Corporate Division
book

Tax Aspects of Corporate Division

by Professor W. Eugene Seago
February 2021
Intermediate to advanced content levelIntermediate to advanced
156 pages
3h 37m
English
Business Expert Press
Content preview from Tax Aspects of Corporate Division

CHAPTER 9

Examples of Section 355 Transactions

Below are examples of corporate divisions and the analyses required to determine their tax consequences. The examples are intended to serve as a review of the earlier materials.

Spin-Off Followed by B Reorganization and Loss of Control

Corporation X had been engaged in the active conduct of two businesses (toy manufacturing and hand tool manufacturing) for over 5 years. Corporation Z, an unrelated corporation, desired to acquire the stock of X but was only interested in having X conduct the hand tool manufacturing business. This was accomplished pursuant to a plan under which X transferred its toy manufacturing business to a newly created corporation, Y, in exchange for all of the stock of Y, which ...

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Publisher Resources

ISBN: 9781953349415