Corp Liquid (Sale of Assets) Corp: SP - Basis = Taxable G/L SH: Proceeds - Stock Basis = Taxable G/L Corp Liquid (Distrib of Assets) Corp: FMV - Basis = Taxable G/L SH: SP - Stock Basis = Taxable G/L Reorg: Type A
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Tony DongDec. 20, 2024 Best Marijuana Stocks The reclassification of marijuana would remove a huge tax burden from the struggling industry. Matt WhittakerDec. 20, 2024 10 Best Investments for 2025 Heading into 2025, cryptocurrencies, AI stocks and pharmaceutical stocks are among those showing promis...
On the due date, the company has two general choices of repayment of principal. They may pay in one lump sum or make installment payments. The installment plan is known as adebenture redemption reserve, and the company will pay a set amount each year to the investor until maturity. The te...
Profit on sale of fixed assets Profit on redemption of debentures Q12. Distinguish between ‘general reserve’ and ‘specific reserve’. Solution: Q13. Explain the concept of ‘secret reserve’. Solution: Secret reserves are created by overstating liabilities or understating assets which are not sh...
Generally, capital is divided into tiers based on liquidity.Tier 1 capitalincludes its most liquid capital such as statutory reserves. Tier 2 capital may include undisclosed reserves and general loss reserves. National banks are required to have a total capital to assets ratio of 8%.3 ...
One way to reduce the tax impact of selling a small business is by using an installment sale. Under IRC Sec. 453, capital gains on the sale of assets, such as privately held businesses where the payments are spread out over a period of 2 or more years, are deferred until the years wh...
The Board would make separate resolutions on the amount and timing of each distribution of the dividend and/or assets from the reserve for invested unrestricted equity so that the preliminary record and payment dates will be as set out below. The Company shall mak...
Building on the resurgence of U.S. IPOs, some well-known brands are preparing for their public debuts. Brian O'ConnellSept. 4, 2024 7 Best Defense Stocks to Buy Now The defense sector's outlook remains strong as geopolitical conflicts persist. ...
Adeyemo has been lobbying lawmakers to expand Treasury’s ability to police digital assets. Stablecoin vibes— Financial Services Chair Patrick McHenry is bullish on passing his stablecoin bill, if he can just find an opening. “We’re at an inflection point where we can land this plane thi...