Tax aspects of corporate divisions / W. Eugene Seago.

Includes bibliographies and index.

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.

Access restricted to authorized users and institutions.

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.

COPYRIGHT NOT covered - Click this link to request copyright permission:

https://lib.ciu.edu/copyright-request-form

Mode of access: World Wide Web.

System requirements: Adobe Acrobat reader.

Description based on PDF viewed 02/01/2021.