28a,b What is the primary advantage of a corporate redemption...
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Accounting
28a,b
What is the primary advantage of a corporate redemption verses a dividend? a. get to use basis to reduce gain b. depends on earnings and profits as to which is better c. both get the same tax treatment d. the dividend is taxed as ordinary income e. the redemption means that it is a long term gain Which are the basic requirements for Code Section 351 transactions? (Multiple answers possible. Incorrect answers will pe subtracted from the correct answers and selecting all of the answers will result in an incorrect answer) a. requires two or more people b. parties must control at least 80% c. exchange for bonds or other indebtedness d. parties must control at least 75% e. there must be "boot" f. parties must control at least 50% g. exchange for stock
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