357 cash - An Overview
357 cash - An Overview
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Abstract- The provisions contained in IRC Sec 357 must be very carefully examined so which the non-taxable standing on the transfer of liabilities to the controlled corporation built less than Sec 351 will not be jeopardized. Based on Sec 351, a transfer of property to an organization in exchange for shares will likely not induce the recognition of any achieve or loss presented which the recipient of the shares will right away get Charge of the Company.
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