WEST CH 6 SOLUTIONS (2007)

WEST CH 6 SOLUTIONS (2007) - Path:

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Path: K:/TL-WFT-05-0802/Application/TL-WFT-05-0802-006_V2-SM.3d Date: 11th April 2006 Time: 12:00 User ID: 40520 CHAPTER 6 CORPORATIONS: REDEMPTIONS AND LIQUIDATIONS SOLUTIONS TO PROBLEM MATERIALS Question/ Problem Topic Status: Present Edition Q/P in Prior Edition 1 Tax treatment of return from investment versus return of investment Unchanged 1** 2 Reason for limitations on sale or exchange treatment on stock redemptions Unchanged 2** 3 Corporate shareholder preference for dividend versus qualifying stock redemption Modified 3** 4 Stock redemptions in property settlements Unchanged 4** 5 Sale or exchange versus dividend treatment on redemption Unchanged 5** 6 Loss recognition in a qualifying stock redemption Unchanged 6** 7 Basis of property received in stock redemption New 8 Stock attribution rules: family members New 9 Stock attribution rules: when not applicable Unchanged 9** 10 Not essentially equivalent redemption: meaningful reduction test Unchanged 10** 11 Basis of stock in a nonqualified stock redemption Unchanged 11** 12 Disproportionate redemption: application of 80% and 50% tests New 13 Complete termination redemption Unchanged 13** 14 Complete termination redemption: family attribution waiver Unchanged 14** 15 Partial liquidation: requirements Unchanged 15** 16 Partial liquidation Unchanged 16** 17 Redemption to pay death taxes: advantages Unchanged 17** 18 Redemption to pay death taxes: 35% test Modified 18** 19 Redemption to pay death taxes Unchanged 19** 20 Gain/loss recognition to corporation on redemption distribution Unchanged 20** 21 Tax consequences of redemption to distributing corporation Unchanged 21** 22 Preferred stock bailout: general tax consequences Unchanged 22** 6-1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Path: K:/TL-WFT-05-0802/Application/TL-WFT-05-0802-006_V2-SM.3d Date: 11th April 2006 Time: 12:00 User ID: 40520 Question/ Problem Topic Status: Present Edition Q/P in Prior Edition 23 Redemption through use of related corporation New 24 Corporate liquidation for tax purposes Unchanged 24** 25 Liquidations and redemptions compared: recognition of gain or loss by distributing corporation Unchanged 25** 26 Related-party loss limitation: when applicable New 27 Built-in loss limitation: tax avoidance purpose explained Unchanged 27** 28 Tax consequences to shareholder in complete liquidation: use of installment method to report gain Unchanged 28** 29 Liquidation of subsidiary: general requirements Unchanged 29** 30 Liquidation of subsidiary: nonrecognition of loss on distribution to minority shareholder Modified 30** 31 Liquidation of subsidiary: indebtedness to parent Unchanged 31** 32 Liquidation of subsidiary: tax consequences to parent and subsidiary Modified 32** 33 Requirements for application of § 338 Unchanged 33** 34 Tax consequences of a § 338 election Unchanged 34** *35 Comparison of dividend distribution with qualifying redemption: individual versus corporate shareholder Unchanged 35** *36 Comparison of tax treatment of dividend distribution
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This homework help was uploaded on 04/06/2008 for the course ACC 355 taught by Professor Mears during the Spring '07 term at Delaware County CC.

Page1 / 22

WEST CH 6 SOLUTIONS (2007) - Path:

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online