Add to ORKGOne of the most painful outcomes on the formation of a corporation in a tax-free exchange is to discover, too late, that indebtedness taken over by the corporation exceeded the income tax basis of the property transferred to the corporation. It is a fundamental requirement of a transfer to a corporation that if the corporation assumes a liability of the transferor or takes property subject to a liability, as for example a mortgage, the amount of the liability is treated as money received and reduces the basis of the stock received
For several years, relatively little change had been made in the rules governing the tax-free exchan...
This section illustrates the various ways property may be acquired, and how the resulting basis may ...
Lower grain and soybean prices have brought back memories (for many) of the 1980s.1 One of the early...
One of the most painful outcomes on the formation of a corporation in a tax-free exchange is to disc...
It is widely understood that indebtedness in excess of income tax basis is a problem in sales or exc...
One of the important objectives in the incorporation of a farm or ranch business is to accomplish a ...
A 1995 decision by the Eighth Circuit Court of Appeals has dramatized once again that there is relie...
Frequently, as part of debt restructuring where indebtedness is discharged, the income tax basis of ...
The decisions made in issuing corporate stock in a tax-free exchange can have important federal gift...
A 1998 Tax Court case has focused attention once again on the income tax consequences of mortgage fo...
This article discusses C.I.R. v. Fender Sales, Inc., 338 F. 2d 924 (9th Cir. 1964). The author concl...
This article discusses C.I.R. v. Fender Sales, Inc., 338 F. 2d 924 (9th Cir. 1964). The author concl...
This article discusses C.I.R. v. Fender Sales, Inc., 338 F. 2d 924 (9th Cir. 1964). The author concl...
In handling discharge of indebtedness for income tax purposes, a highly important question is whethe...
Until 1987, a procedure was available for avoiding income tax for solvent debtors generally. That pr...
For several years, relatively little change had been made in the rules governing the tax-free exchan...
This section illustrates the various ways property may be acquired, and how the resulting basis may ...
Lower grain and soybean prices have brought back memories (for many) of the 1980s.1 One of the early...
One of the most painful outcomes on the formation of a corporation in a tax-free exchange is to disc...
It is widely understood that indebtedness in excess of income tax basis is a problem in sales or exc...
One of the important objectives in the incorporation of a farm or ranch business is to accomplish a ...
A 1995 decision by the Eighth Circuit Court of Appeals has dramatized once again that there is relie...
Frequently, as part of debt restructuring where indebtedness is discharged, the income tax basis of ...
The decisions made in issuing corporate stock in a tax-free exchange can have important federal gift...
A 1998 Tax Court case has focused attention once again on the income tax consequences of mortgage fo...
This article discusses C.I.R. v. Fender Sales, Inc., 338 F. 2d 924 (9th Cir. 1964). The author concl...
This article discusses C.I.R. v. Fender Sales, Inc., 338 F. 2d 924 (9th Cir. 1964). The author concl...
This article discusses C.I.R. v. Fender Sales, Inc., 338 F. 2d 924 (9th Cir. 1964). The author concl...
In handling discharge of indebtedness for income tax purposes, a highly important question is whethe...
Until 1987, a procedure was available for avoiding income tax for solvent debtors generally. That pr...
For several years, relatively little change had been made in the rules governing the tax-free exchan...
This section illustrates the various ways property may be acquired, and how the resulting basis may ...
Lower grain and soybean prices have brought back memories (for many) of the 1980s.1 One of the early...