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Subchapter C Corporate Reorganizations  

CATEGORY: Taxation
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5 CPE Credits
Level: Advanced

Reorganizations are one of the more complicated areas of corporate taxation; this course peels away several layers of complexities. We will examine the general requirements for a tax-free reorganization, the continuity-of-interest test, asset-continuity tests, and the business-purpose test. This course also explores the various types of tax-free reorganizations (e.g., Type A, B, C, D, E, F, or G). In addition, you will learn which reorganization transactions qualify for tax-free treatment and review the related reporting requirements. Corporate reorganizations can have a tax impact on acquired and acquiring corporations, as well as the shareholders. You will understand the gain or loss recognized in a reorganization transaction, the use of boot in a reorganization transaction, the effect of liabilities assumed in a reorganization transaction, and the basis of assets received in a corporate reorganization. This course will also introduce the allocation rules for certain asset acquisitions and the amortization of intangible assets under IRC Section 197.

NOTE: This course has been updated for the relevant 2018 provisions of the Tax Cuts and Jobs Act of 2017 and Bipartisan Budget Act of 2018, when and if applicable.

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