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Tax aspects of corporate divisions / W. Eugene Seago

Author
Seago, W. Eugene
Published
New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, 2021.
Edition
First edition.
Physical Description
1 online resource (x, 144 pages) : illustrations (some color).
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Access restricted to authorized users and institutions.
Contents
Chapter 1. Corporate division: uses and abuses -- Chapter 2. General requirements for a tax-free spin-off or split-off -- Chapter 3. Corporate business purpose -- Chapter 4. Not used principally as a device for distributing earnings and profits -- Chapter 5. The trade or business requirements -- Chapter 6. Continuity of interest -- Chapter 7. The acquisition of control of a corporation conducting a business -- Chapter 8. Corporate division and a related reorganization -- Chapter 9. Examples of Section 355 transactions.
Summary
For a variety of reasons, corporations can achieve business efficiencies by dividing into two or more entities. The tax consequences of the division could be that both the corporation and the shareholders must recognize taxable income, which often renders the division unfeasible. In order to neutralize the tax effects of business-motivated decisions to divide the corporation, the tax law provides the means for the division to be accomplished without immediate tax consequences for the corporation and its shareholders. The enabling provisions are necessarily complex so as to prevent their exploitation and bring together several other corporate tax concepts dealing with dividends and reorganizations. Moreover, the rules have often changed. This book explains and illustrates each of the requirements for a non-taxable corporate division and the methods for mitigating the tax consequences when those requirements cannot be satisfied. The author also provides numerous diagrams that summarize actual transactions.
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ISBN
9781953349415 e-book
9781953349408 print
Bibliography Note
Includes bibliographical references and index.
Other Forms
Also available in print.
Technical Details
Mode of access: World Wide Web.
System requirements: Adobe Acrobat reader.
View MARC record | catkey: 33180197