Banks alerted that directors agreements may cause qualifying shares to be a separate class fo stock
Article Abstract:
The Office of the Comptroller of the Currency (OCC), has issued an advisory letter to the Chief Executive Officers (CEOs) of all nationalized banks, department and divisional heads, to treat their shares as second class of stock.
Publication Name: Business Entities
Subject: Business
ISSN: 1524-3583
Year: 2003
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Partnership anti-abuse rules prohibits shifting of loss to new partner
Article Abstract:
The Internal Revenue Service (IRS) has pointed out that the partnership anti-abuse rules disregards duplication of losses. The IRS brings various loopholes in the rules forward, by giving appropriate reasons for the same.
Publication Name: Business Entities
Subject: Business
ISSN: 1524-3583
Year: 2003
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IRS issues proposal regulations on tax treatment of noncompensatory partnership options
Article Abstract:
Certain income tax consequences, which are issued by Internal Revenue Service (IRS), are discussed. Under certain circumstances the proposed regulation, treats the option holders as partners.
Publication Name: Business Entities
Subject: Business
ISSN: 1524-3583
Year: 2003
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- Abstracts: Gain from uncompleted contract at decedent's death may escape income tax. Relief may be available when previously included amount must be repaid
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