Corporations - redemption of founder's stock qualified as a termination of shareholder's interest
Article Abstract:
The tax court's decision in Hurst, 124 TC No.2 (2005) relating to redemption of taxpayer's stock amounts to complete termination of the shareholder's interest under Section 302(b)(3) is discussed. The details of the case wherein HMI a corporation redeemed the stocks of its founder, Richard Hurst are furnished.
Publication Name: Business Entities
Subject: Business
ISSN: 1524-3583
Year: 2005
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Shareholder agreements for closely held corporations
Article Abstract:
Issues related to taxation are dealt with in the shareholderEs agreement. The provisions related to the corporations should necessarily be included in this agreement. This inclusion puts an effective stop to problems related to taxation.
Publication Name: Business Entities
Subject: Business
ISSN: 1524-3583
Year: 2003
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Temporary regulations on deemed elections to be an association by S corporations
Article Abstract:
A temporary regulation is formed on taxation of S corporations in The United States. A report is presented about the new regulation.
Publication Name: Business Entities
Subject: Business
ISSN: 1524-3583
Year: 2004
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