DETAILED NOTES ON 357 CASH

Detailed Notes on 357 cash

Abstract- The provisions contained in IRC Sec 357 should be cautiously examined so which the non-taxable standing with the transfer of liabilities to some controlled Company made beneath Sec 351 won't be jeopardized. In keeping with Sec 351, a transfer of assets to a corporation in Trade for shares will not result in the recognition of any obtain

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