Boot distributions and assumption of liabilities /
"... discusses the tax issues that arise in connection with distributions of boot by a corporation to shareholders and creditors. "Boot" is defined as money or property, other than the stock and securities permitted to be received without the recognition of gain or loss, that is recei...
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| Main Author: | |
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| Corporate Author: | |
| Other Authors: | , , |
| Format: | Online |
| Language: | English |
| Published: |
Arlington, VA :
Tax Management,
[2007]-
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| Series: | Tax management portfolios ;
782-4th |
| Subjects: | |
| Online Access: | https://www.bloomberglaw.com/product/tax/citation/tm%20782 |
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| Summary: | "... discusses the tax issues that arise in connection with distributions of boot by a corporation to shareholders and creditors. "Boot" is defined as money or property, other than the stock and securities permitted to be received without the recognition of gain or loss, that is received pursuant to a corporate organization, reorganization, or separation. Those who receive boot in these corporate organization, reorganization, or separation transactions generally will recognize gain (but not loss) to the extent of the value of such boot. In corporate reorganizations and separations, the gain may be treated as a dividend to the extent of the corporation's available earnings and profits." |
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| Item Description: | A revision by George C. Koutouras and Mark Q. Tizabgar of an earlier version by David I. Kempler, <Oct. 4, 2007> Published: Washington, D.C., -<Sept. 2007> |
| Physical Description: | 1 online resource |
| Publication Frequency: | Updated irregularly |
| Format: | Mode of access: World Wide Web |
| Bibliography: | Includes bibliographical references |