CHAPTER 18-CORPORATIONS: ORGANIZATION AND
CAPITAL STRUCTURE 2 copy
1. Section 351 (which permits transfers to controlled corporations to be tax deferred) can be justified
under the wherewithal to pay concept.
2. Similar to like-kind exchanges,
(Rev. December 2013)
Department of the Treasury
Internal Revenue Service
Compensation of Officers
Attach to Form 1120, 1120-C, 1120-F, 1120-REIT, 1120-RIC, or 1120S.
a Information about Form 1125-E and its separate instructions is at www.irs.g
1. problem 35
a. aaa can be negative for operations but not distribution based on the total for the
b. basis for individual shareholder. At the per share per day basis.
2. Problem 29- distribution in a S-copr
a. Slide 32 t