V2-SM_ch 06

V2-SM_ch 06 - CHAPTER 6 CORPORATIONS: REDEMPTIONS AND...

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Unformatted text preview: CHAPTER 6 CORPORATIONS: REDEMPTIONS AND LIQUIDATIONS SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition 1 LO 1 Definition of stock redemption Unchanged 2 2 LO 1 Comparing stock redemption with sale to third party New 3 LO 1, 2, 6 Stock redemptions in divorce actions New 4 LO 1 Sale or exchange versus dividend treatment on redemption Unchanged 4 5 LO 1 Corporate shareholder preference for nonqualified stock redemption explained Unchanged 5 6 LO 1 Loss recognition in a qualifying stock redemption New 7 LO 1 Basis and holding period of property received in stock redemption Unchanged 7 8 LO 1 Stock redemptions: effect of agreement between parties and state law Unchanged 8 9 LO 1 Stock attribution rules: corporations Modified 9 10 LO 1 Stock attribution rules: general application and exceptions Unchanged 10 11 LO 1 Basis of stock in nonqualified redemption New 12 LO 1 Disproportionate redemption: application of 80% and 50% tests Unchanged 12 13 LO 1, 2 Complete termination redemption Unchanged 13 14 LO 1 Complete termination redemption: requirements for family attribution waiver New 15 LO 1 Partial liquidation: termination of a business test New 16 LO 1, 2 Partial liquidation Unchanged 16 17 LO 1 Redemption to pay death taxes: shareholders of closely held corporations New 6-1 6-2 2011 Corporations Volume/Solutions Manual Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition Instructor: For difficulty, timing, and assessment information about each item, see p. 6-5. Corporations: Redemptions and Liquidations 6-3 Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition 18 LO 1 Redemption to pay death taxes: 35% test Modified 18 19 LO 1, 2 Redemption to pay death taxes Unchanged 19 20 LO 2, 6 Gain/loss recognition to corporation on redemption distribution Modified 20 21 LO 2 Tax consequences of redemption to distributing corporation Unchanged 21 22 LO 2 Tax consequences of redemption to distributing corporation Unchanged 22 23 LO 3 Preferred stock bailout: definition and impact of 306 classification New 24 LO 3 Redemption through use of related corporation Unchanged 24 25 LO 4 Corporate liquidation: tax definition New 26 LO 4 Corporate liquidation: recognition of gain or loss by corporation Unchanged 25 27 LO 1, 2, 4 Liquidating and redemption distributions compared Unchanged 26 28 LO 4 Related-party loss limitation: application to post-acquisition loss New 29 LO 4 Built-in loss limitation: general rules Unchanged 28 30 LO 4 Tax consequences to shareholder in complete liquidation; use of installment method to report gain Unchanged 29 31 LO 5 Section 332 liquidation: requirements Unchanged 30 32 LO 5 Section 332 liquidation: insolvent corporation New 33 LO 5 Section 332 liquidation: tax consequences to subsidiary, parent, and minority shareholder Unchanged 31 34 LO 5 Section 332 liquidation: indebtedness to parent Unchanged...
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This note was uploaded on 11/13/2010 for the course BT 315 taught by Professor Smith during the Spring '10 term at Ohio State.

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V2-SM_ch 06 - CHAPTER 6 CORPORATIONS: REDEMPTIONS AND...

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