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PLR Probably Closing Condition for Target S Corporation’s 2-Class Stock Issue

M&A Tax Stories September 2, 2020 Introduction A buyer of an S corporation wants to make sure that the target is in fact an S corporation. Finding out after closing risks potentially significant federal and state corporate income taxes. The

Posted in One class of stock, S corporation Tagged with:

Business Asset Sale Not a C Reorg Because No Seller Continuity of Interest in Buyer

M&A Tax Stories August 31, 2020 Introduction A company and its owners may avoid federal corporate income taxation on its gain from the sale of the assets of the business if the seller receives buyer voting stock from the buyer

Posted in C Reorganization, tax deferred reorganization Tagged with:

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