Whether a taxable transaction
structure would actually result in a step-up or step-down in tax basis.
For example, if a taxable transaction
is assumed, there would be no deferred taxes included as the net assets would have tax basis consistent with book basis.
2 percent represents an actual decrease in the number of taxable transactions
However, because WFOE's immediate parent company has changed, this reorganization would be considered a taxable transaction
for Chinese capital gain tax purposes.
Finally, comments are requested whether, as a policy matter, transaction costs should be treated in the same fashion regardless of (1) which party (acquirer, seller (transferor), or target) incurs the costs and (2) whether the costs facilitate a tax-free transaction or taxable transaction
IRS letter ruling 8113107 concluded that the transfer of the assets into such a trust didn't cause a taxable transaction
for the beneficiary.
A simple transfer to an existing corporation owned entirely by an individual would normally be a simple matter, but in the context of New York State Sales Tax Law it is a complex, taxable transaction
To qualify for this, a license holder is to complete a taxable transaction
on or before 31 May 2017.
Distributing must not have acquired control of Controlled within the preceding five years in a wholly or partially taxable transaction
A foreclosure or a "deed-in-lieu" of foreclosure creates a taxable transaction
for both you and the borrower.
Section 205 would encourage charitable giving and protect taxpayers who don't realize gifting appreciated property through an S corporation results in recognition of the gain inherent in the property when the S corporation stock eventually is disposed of in a taxable transaction
Under the proposed regulations, when a gain is recognized on a sale or exchange of an interest in a partnership, S corporation, or trust owning collectibles, the amount of gain to be taxed at the 28% rate is determined as if the entity had sold all of its collectibles in a fully taxable transaction
immediately before the proposed sale or exchange.