Questions from Individual Taxation


Q: Volunteer Corporation reported taxable income of $500,000 from operations

Volunteer Corporation reported taxable income of $500,000 from operations for this year. The company paid federal income taxes of $170,000 on this taxable income. During the year, the company made a d...

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Q: Under what conditions is it advantageous for a shareholder to hold §

Under what conditions is it advantageous for a shareholder to hold §1244 stock? Why did Congress bestow these tax benefits on holders of such stock?

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Q: Why does the acquiring corporation usually prefer to buy the target corporation’s

Why does the acquiring corporation usually prefer to buy the target corporation’s assets directly in an acquisition?

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Q: What is the congressional purpose for allowing tax deferral on transactions that

What is the congressional purpose for allowing tax deferral on transactions that meet the definition of a corporate reorganization?

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Q: Why do publicly-traded corporations use a triangular form of Type

Why do publicly-traded corporations use a triangular form of Type A reorganization in acquiring other corporations?

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Q: What are the key differences in the tax law requirements that apply

What are the key differences in the tax law requirements that apply to forward versus reverse triangular mergers?

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Q: What are the key differences in the tax law requirements that apply

What are the key differences in the tax law requirements that apply to a Type A stock-for-assets acquisition versus a Type B stock-for-stock acquisition?

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Q: How does the form of a regular §338 election compare and

How does the form of a regular §338 election compare and contrast to a §338(h)(10) election?

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Q: What tax benefits does the buyer hope to obtain by making a

What tax benefits does the buyer hope to obtain by making a §338 or §338(h)(10) election?

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Q: In a stock acquisition, why is there a difference between the

In a stock acquisition, why is there a difference between the tax basis of assets held by an acquired corporation and the tax basis of the shares held by a corporate acquirer? Why is this difference i...

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