25 May . [LO 1] Discuss the difference between gain realization and gain recogni
. [LO 1] Discuss the difference between gain realization and gain recognition in a property transaction.
2. [LO 1] What information must a taxpayer gather to determine the amount realized in a property transaction?
.
3. [LO 1] Distinguish between exclusion and deferral as it relates to a property transaction.
4. [LO 1] 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.
5. [LO 1] What information must a taxpayer gather to determine the adjusted basis of property exchanged in a property transaction?
6. [LO 2] Why does Congress allow tax deferral on the formation of a corporation?
7. [LO 2] List the key statutory requirements that must be met before a corporate formation is tax-deferred under §351.
8. [LO 2] What is the definition of control for purposes of §351? Why does Congress require the shareholders to control a corporation to receive tax deferral?
9. [LO 2] What is a substituted basis as it relates to stock received in exchange for property in a §351 transaction? What is the purpose of attaching a substituted basis to stock received in a §351 transaction?
10. [LO 2] Explain whether the receipt of boot by the shareholder in a §351 transaction causes the transaction to be fully taxable.
11. [LO 2] Explain whether a corporation’s assumption of shareholder liabilities will always constitute boot in a §351 transaction. .
12. [LO 2] How does the tax treatment differ in cases where liabilities are assumed with a tax avoidance purpose versus where liabilities assumed exceed basis? When would this distinction cause a difference in the tax consequences of the transactions?
13. [LO 2] What is a carryover basis as it relates to property received by a corporation in a §351 transaction? What is the purpose of attaching a carryover basis to property received in a §351 transaction?
14. [LO 2] Under what circumstances does property received by a corporation in a §351 transaction not receive a carryover basis? What is the reason for this rule?
15. [LO 2] How does a corporation depreciate an asset received in a §351 transaction in which no gain or loss is recognized by the transferor of the property?
16. [LO 2] Explain if the tax consequences are the same whether a shareholder contributes property to a corporation in a §351 transaction or as a capital contribution.
17. [LO 2] Why might a corporation prefer to characterize an instrument as debt rather than equity for tax purposes? Are the holders of the instrument indifferent as to its characterization for tax purposes?
18. [LO 2] 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?
19. [LO 3] Why does the acquiring corporation usually prefer to buy the target corporation’s assets directly in an acquisition?
20. [LO 3] Why do the shareholders of the target corporati
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.