Questions from Individual Taxation

Q: Wolverine Corporation made a distribution of $500,000 to Jim

Wolverine Corporation made a distribution of $500,000 to Jim Har, Inc. in partial liquidation of the company on December 31 of this year. Jim Har, Inc. owns 100% of Wolverine Corporation. The distribu...

Q: Distinguish between exclusion and deferral as it relates to a property transaction

Distinguish between exclusion and deferral as it relates to a property transaction.

Q: Contrast how a taxpayer’s tax basis in property received in a property

Contrast how a taxpayer’s tax basis in property received in a property transaction will be affected if the transaction results in gain exclusion versus gain deferral.

Q: Why does Congress allow tax deferral on the formation of a corporation

Why does Congress allow tax deferral on the formation of a corporation?

Q: List the key statutory requirements that must be met before a corporate

List the key statutory requirements that must be met before a corporate formation is tax-deferred under §351.

Q: What are the five basic parts of an internal research memo?

What are the five basic parts of an internal research memo?

Q: Explain whether the receipt of boot by the shareholder in a §

Explain whether the receipt of boot by the shareholder in a §351 transaction causes the transaction to be fully taxable.

Q: Are the tax consequences the same whether a shareholder contributes property to

Are the tax consequences the same whether a shareholder contributes property to a corporation in a §351 transaction or as a capital contribution?

Q: Why do the shareholders of the target corporation usually prefer to sell

Why do the shareholders of the target corporation usually prefer to sell the stock of the target corporation to the acquiring corporation?

Q: Explain whether all shareholders receive the same tax treatment in a complete

Explain whether all shareholders receive the same tax treatment in a complete liquidation of a corporation.