DISCLAIMER: These materials do not, and are not intended to, constitute legal or tax advice. You should consult an attorney or tax advisor for individual advice regarding your own situation.Although we have made considerable efforts to be thorough in the construction of these pages, we offer no assurance that the information posted here is timely, accurate, complete or applicable to any particular set of facts. To the contrary, be aware that some of the material on these pages is out of date, incomplete and/or altered in relation to the official version. These documents are not posted here for commercial use and should not be relied upon for any purpose whatsoever.

Added November 13, 2006

Cases and Rulings

1. Bausch & Lomb Inc.  (Assembly of Sunglasses Was Not Foreign Base Company Sales Income)
2. Fink  (No Deduction for Voluntary Surrender of Stock to a Corporation)
3. Madison Gas & Electric Co.  (Tenancy-In-Common of Nuclear Power Plant was a Partnership)
4. Podell  (Real Estate Joint Venture Was A Partnership)
5. Spaulding Bakeries, Inc.  (Worthless Stock Deduction: Liquidating Distribution Was Only with Respect to Preferred Stock)
6. Rev. Rul. 69-74  (Private Annuity In Exchange for Appreciated Property)
7. Rev. Rul. 81-78  (Profits Not Attributable to a U.S. Permanent Establishment)
8. Rev. Rul. 91-32 Situation 1  (Nonresident Partner Disposed of Partnership Engaged in a Trade or Business in the U.S.)
9. Notice 2006-85  (Purchase of Parent Stock in Triangular Reorganizations Involving Foreign Corporations)

Section 338 Examples

10. Stock Acquisition Merger Followed By Upstream Merger – No 338(h)(10) Election [Reg. 1.338(h)(10)-1(e), Example 11]
11. Stock Acquisition Merger Followed By Upstream Merger – With 338(h)(10) Election [Reg. 1.338(h)(10)-1(e), Example 12]
12. Stock Acquisition Merger Followed By Brother-Sister Merger – With 338(h)(10) Election [Reg. 1.338(h)(10)-1(e), Example 13]
13. Stock Acquisition (Not a QSP) Followed By Upstream Merger – [Reg. 1.338(h)(10)-1(e), Example 14]

Foreign Base Company Sales Income Examples

14. Purchase from Related & Sale to Unrelated [Reg. 1.954-3(a)(1)(iii), Example 1]
15. Purchase from Unrelated & Sale to Related [Reg. 1.954-3(a)(1)(iii), Example 2]
16. Sale Commission to Foreign Subsidiary [Reg. 1.954-3(a)(1)(iii), Example 3]
17. Sale of Lathe Used in Manufacturing Business [Reg. 1.954-3(a)(1)(iii), Example 4]
18. Interest and Service Fees Included as Foreign Base Company Sale Income [Reg. 1.954-3(a)(1)(iii), Example 5]
19. Coffee Beans Grown in Same Country [Reg. 1.954-3(a)(2), Example 1]
20. Diamonds Manufactured in Same Country [Reg. 1.954-3(a)(2), Example 2]
21. Electric Transformers Sold for Use in Same country [Reg. 1.954-3(a)(3)(iv), Example 1]
22. Sewing Machines Sold to Retailers in Same Country [Reg. 1.954-3(a)(3)(iv), Example 2]
23. Knowledge that Sulfur will be Partly Consumed Outside Country of Delivery [Reg. 1.954-3(a)(3)(iv), Example 3]
24. Sales of Toys for Delivery to Duty Free Port [Reg. 1.954-3(a)(3)(iv), Example 4]
25. Wood Pulp Transformed Into Paper [Reg. 1.954-3(a)(4)(ii), Example 1]
26. Steel Rods Transformed Into Screws & Bolts [Reg. 1.954-3(a)(4)(ii), Example 2]
27. Tuna Processing and Canning [Reg. 1.954-3(a)(4)(ii), Example 3]
28. Manufacturing by Partnership Attributed to Partner [Reg. 1.954-3(a)(6)(ii), Example]
29. Sales Branch with Tax Rate Differential [Reg. 1.954-3(b)(4), Example 1]
30. Manufacturing Branch with Tax Rate Differential [Reg. 1.954-3(b)(4), Example 2]
31. Trading Branch with Tax Rate Differential [Reg. 1.954-3(b)(4), Example 3]
32. Branch Rule Cannot Be Used Affirmatively to Avoid Subpart F Income [Reg. 1.954-3(b)(4), Example 4]
33. Multiple Sales Branches with Tax Rate Differentials [Reg. 1.954-3(b)(4), Example 5]

Section 1032 Examples

34. Subsidiary Exchange of Parent Stock for a Truck [Reg. 1.1032-3(e), Example 1]
35. Subsidiary Exchange of Option on Parent Stock for a Truck [Reg. 1.1032-3(e), Example 2]
36. Partnership Exchange of Grandparent Stock for a Truck [Reg. 1.1032-3(e), Example 3]
37. Parent Stock used as Compensation for Subsidiary Employee [Reg. 1.1032-3(e), Example 4]
38. Parent Stock Purchased At A Discount by Subsidiary’s Employee [Reg. 1.1032-3(e), Example 5]
39. Parent Stock Subject to a Substantial Risk of Forfeiture [Reg. 1.1032-3(e), Example 6]
40. Parent Stock Subject to a Substantial Risk of Forfeiture [Reg. 1.1032-3(e), Example 7]
41. Parent Stock Option Used As Compensation for Subsidiary Employee [Reg. 1.1032-3(e), Example 8]
42. Owner’s Transfer of Parent Stock to Subsidiary’s Employee [Reg. 1.1032-3(e), Example 9]

Added October 20, 2006

1. Ashland Oil  (No Branch Created From a Contract with A Third Party)
2. Rev. Rul. 75-7  (Contract Manufacturing - Attribution But a Branch Existed)
3. Rev. Rul. 97-48  (Contract Manufacturing - No Branch But No Attribution)

Added September 18, 2006

Cases

1. Arrowsmith  (Relation Back Doctrine)
2. Dover  (Check the Box & Sell)
3. Falkoff  (Return of Capital Distribution in Anticipation of Future Profits)
4. Handfield  (Canadian Manufacturer Had a Permanent Establishment in the U.S.)
5. Lessinger  (357(c) & Basis in Taxpayer's Own Note)
6. Mills  (B Reorganization: Cash in Lieu of Fractional Shares)
7. Peracchi  (357(c) & Basis in Taxpayer's Own Note)
8. H.K. Porter Co.  (Worthless Stock Deduction: Liquidating Distribution Only On Preferred Stock)
9. Spermacet Whaling  (Whaling Expedition Was Not Engaged in a U.S. Trade or Business)
10. Woodsam Assoc.  (No Gain Recognition on Debt Conversion from Recourse to Non-Recourse)

Revenue Rulings

11. Rev. Rul. 54-105  (Individual Purchase & Sale of Prop. in Foreign Currency)
12. Rev. Rul. 55-440  (368(c) Control - Preferred Shares Called But Not Yet Surrendered)
13. Rev. Rul. 56-184  (Pre-B Reorganization Cash Dividends)
14. Rev. Rul. 57-518  (C Reorganization Substantially All of the Properties)
15. Rev. Rul. 58-93  (A Reorganization With a Drop (But Drop Precedes Merger))
16. Rev. Rul. 66-112  (B Reorganization with Contingent Consideration)
17. Rev. Rul. 66-224  (Continuity of Interest with Different Consideration to Different Shareholders)
18. Rev. Rul. 68-43  (Deemed Stock Dividend on 351 Exchange)
19. Rev. Rul. 68-298  (351 Exchange & Distribution to Shareholder)
20. Rev. Rul. 70-269  (B Reorganization: Substitution of Options)
21. Rev. Rul. 72-135  (Nonrecourse Loans Recharacterized as Contributions to Capital)
22. Rev. Rul. 72-350  (Equity Advance Creates No Partner Debt Basis)
23. Rev. Rul. 89-101  (355 Spin-Off To Reduce Foreign Withholding Taxes)

Section 902 & 904 Examples

24. Effect of Liquidation on Pre-1998 Foreign Taxes Paid by 4th Tier Corporation [Temp. Reg. 1.902-1(c)(8)(ii) Example]
25. Section 902 Deemed Paid Credits & Section 904(d) Look-Thru
26. No Look-Thru for Interest (40% Ownership) [Reg. 1.904-5(i)(5), Example 1]
27. Look-Thru for Dividend (40% Ownership Between CFCs) [Reg. 1.904-5(i)(5), Example 2]
28. Look-Thru for Dividend & Interest (80% Ownership) [Reg. 1.904-5(i)(5), Example 3]
29. Look-Thru But No Section 902 Credits [Temp. Reg. 1.904-5(i)(5), Example 4]
30. Look-Thru for Dividends Between Members of Qualified Group [Temp. Reg. 1.904-5(i)(5), Example 5]
31. Commissioner’s Reconstruction of 10/50 Corporation’s Historical Earnings & Taxes [Temp. Reg. 1.904-7T(f)(iv), Example 1]
32. Commissioner is Unable to Reconstruct 10/50 Corporation’s Historical Earnings & Taxes [Temp. Reg. 1.904-7T(f)(iv), Example 2]

Subpart F Income – Pro Rata Share Regulation Examples

33. Pro Rata Share – One Class of Stock [Reg. 1.951-1(e)(6), Example 1]
34. Pro Rata Share – Common and Preferred [Reg. 1.951-1(e)(6), Example 2]
35. Pro Rata Share – Two Classes of Common Treated as One Class [Reg. 1.951-1(e)(6), Example 3]
36. Pro Rata Share – Two Classes of Common & One Class of Preferred [Reg. 1.951-1(e)(6), Example 4]
37. Pro Rata Share – Common & Preferred: Discretionary & Non-Discretionary Distribution Rights [Reg. 1.951-1(e)(6), Example 5]
38. Pro Rata Share – Restriction on Common Dividends is Disregarded [Reg. 1.951-1(e)(6), Example 6]
39. Pro Rata Share – Redeemable Preferred [Reg. 1.951-1(e)(6), Example 7]
40. Pro Rata Share – Common and Preferred [Reg. 1.951-1(e)(6), Example 8]
41. Pro Rata Share – Certain 304 Transactions [Reg. 1.951-1(e)(6), Example 9]

Section 1248 Regulation Examples

42. Section 1248 Gain – Sale After 351 Exchange of Property [Reg. 1.1248-8(b)(7), Example 1]
43. Section 1248 Gain – Sale After 351 Exchange of CFC Stock [Reg. 1.1248-8(b)(7), Example 2]
44. Section 1248 Gain – Sale After 351 Exchange of CFC Stock to U.S. Subsidiary [Reg. 1.1248-8(b)(7), Example 3]
45. Section 1248 Gain – Sale After Foreign to Foreign C Reorganization [Reg. 1.1248-8(b)(7), Example 4]
46. Section 1248 Gain – Sale After Triangular C Reorganization [Reg. 1.1248-8(b)(7), Example 5]
47. Section 1248 Gain – Sale After Triangular C Reorganization [Reg. 1.1248-8(b)(7), Example 6]
48. Section 1248 Gain – Sale After B Reorganization [Reg. 1.1248-8(b)(7), Example 7]
49. Section 1248 Gain – Sale After Upstream C Reorganization [Reg. 1.1248-8(b)(7), Example 8]
50. Section 1248 Gain - Sale After 332 Liquidation [Reg. 1248-8(c)(3), Example]

Added August 14, 2006

1. U.S. Individual Income Tax Residency Flowchart (DRAFT)

Added July 6, 2006

Cases from Business Tax Stories by Steven A. Bank & Kirk J. Stark

1. Hendler   (Liability Assumption was Boot in a Reorganization)
2. Gregory v. Helvering   (Spin-off with Transitory Controlled) [Updated]
3. General Utilities   (No Gain on In-Kind Corporate Distributions)
4. Tufts   (Debt Relief from Nonrecourse Mortgage: FMV of Property Less Than Debt)
5. J.E. Seagram  (Pre-Acquisition Continuity of Interest in Multi-Step Forward Triangular Merger) [Updated]

Added week of June 30, 2006

1. Flowchart - Commuting Expenses

Cases from Tax Stories by Paul Caron [see Tax Stories & Digital Suppl.]

2. Glenshaw Glass   (Accessions to Wealth)
3. Eisner v. Macomber   (Stock Dividends are Not Taxable)
4. Kirby Lumber   (Gain on Bond Retirement)
5. Davis   (Transfer for Release of Marital Claims)
6. Welch v. Helvering   (Deductibility of Reputation Payments)
7. INDOPCO   (Deductibility of Takeover Expenses)
8. Crane   (Debt Relief from Nonrecourse Mortgage) [Updated]
9. Schlude   (Prepaid Dance Lessons)
10. Lucas v. Earl   (Income is Taxed to the Person who Earned It)
11. Knetsch   (Sham Interest Expense)

Added on June 20, 2006

Section 338 Election Examples

1. QSP – Busted 351 (Via IPO) is a Section 338(h)(3) Purchase   [Reg. 1.338-3(b)(3)(iv), Ex. 1]
2. QSP – Related Person Acquisition   [Reg. 1.338-3(b)(3)(iv), Ex. 2]
3. No QSP – Shares Constructively Acquired Prior to 12 Month Period   [Reg. 1.338-3(b)(3)(iv), Ex. 3]
4. No QSP – Shares Constructively Acquired Prior to 12 Month Period   [Reg. 1.338-3(b)(3)(iv), Ex. 4]
5. QSP – Acquisition Date for Tiered Targets   [Reg. 1.338-3(b)(4)(ii), Ex.]
6. QSP – Purchase, Redemption, & Purchase   [Reg. 1.338-3(b)(5)(iv), Ex. 1]
7. QSP – Purchase & Redemption   [Reg. 1.338-3(b)(5)(iv), Ex. 2]
8. No QSP – Redemption & Purchase   [Reg. 1.338-3(b)(5)(iv), Ex. 3]
9. QSP – Purchase & Related Person Redemption   [Reg. 1.338-3(b)(5)(iv), Ex. 4]
10. Purchase & Sale of Target   [Reg. 1.338-3(c)(1)(ii), Ex. 1]
11. Purchase of Target & Sale of Target’s Subsidiary   [Reg. 1.338-3(c)(1)(ii), Ex. 2]
12. Post-QSP Merger of Target   [Reg. 1.338-3(d)(5), Ex.]
13. Section 1248 Gain on QSP of a CFC With Gain Recognition Election   [Reg. 1.338-9(f), Ex. 1]
14. Section 1248 Gain on QSP of a CFC Without Gain Recognition Election   [Reg. 1.338-9(f), Ex. 2]
15. Creeping Acquisition of CFC (U.S. Sellers)   [Reg. 1.338-9(f), Ex. 3]
16. Creeping Acquisition of CFC (Foreign Seller)   [Reg. 1.338-9(f), Ex. 4]
17. 338 Election – “One-Day” Tax Return   [Reg. 1.338-10(a)(7), Ex. 1]
18. 338 Election – Short Year Tax Return   [Reg. 1.338-10(a)(7), Ex. 2]
19. 338(h)(10) Election For Some But Not All Targets   [Reg. 1.338(h)10-1(e), Ex.1]
20. Pre-Sale Distribution and QSP   [Reg. 1.338(h)10-1(e), Ex. 2]

Sales of Controlled Foreign Corporations (CFCs)

21. U.S. Corporate Seller of CFC
22. U.S. Corporate Seller of CFC – Pre-Sale Distribution
23. U.S. Corporate Seller of CFC – 338(g) Election
24. U.S. Corporate Seller of CFC – 338(g) Election & Subpart F Income
25. U.S. Individual Seller of CFC – Qualified Foreign Corporation (QFC)
26. U.S. Individual Seller of CFC – QFC and 338(g) Election
27. U.S. Individual Seller of CFC – QFC, 338(g), & Subpart F Income
28. U.S. Individual Seller of CFC – Non-QFC
29. U.S. Individual Seller of CFC – Non-QFC and 338(g) Election
30. U.S. Individual Seller of CFC – Non-QFC, 338(g), & Subpart F Income

Added on May 16, 2006

Reg. 1.368-2(b)(1)(iii) Merger Definition Examples

1. Ex. 1  - Divisive Merger
2. Ex. 2  - Merger into Disregarded Entity
3. Ex. 3  - S Corp with QSub Merger into Disregarded Entity
4. Ex. 4  - Triangular Merger into Disregarded Entity
5. Ex. 5  - Merger into Disregarded Entity of a Partnership
6. Ex. 6  - Merger of a Disregarded Entity into a Corporation
7. Ex. 7  - Merger of a Corporation into a Disregarded Entity/Partnership
8. Ex. 8  - Merger Preceded by Sale & Distribution
9. Ex. 9  - Conversion of Target to an LLC
10. Ex. 10 - Dissolution of Target
11. Ex. 11 - Merger of Corporate Partner into a Partnership
12. Ex. 12 - State Law Consolidation
13. Ex. 13 - Merger Pursuant to Foreign Statutes
14. Ex. 14 - Foreign Amalgamation Using Parent Stock

Section 367 – Cross-Border Reorganizations

15. Foreign-to-Foreign 351 Exchange – Operating Assets
16. Foreign-to-Foreign 351 Exchange – Stock
17. Outbound 351 Exchange – Stock 367(a) & 367(b) Overlap
18. Outbound Section 304 Transaction – Deemed 351 Exchange
19. Outbound Contribution to Capital – Section 367(c)(2)
20. Outbound 351 Exchange – Domestic Corp Stock (Inversion)
21. Inbound 351 Exchange
22. Foreign-to-Foreign B Reorganization
23. Outbound B Reorganization – 367(a) & 367(b) Overlap
24. Outbound B Reorganization – Domestic Corp Target (Inversion)
25. Inbound B Reorganization – Lower Tier Target
26. Inbound B Reorganization – First Tier Target
27. Foreign-to-Foreign C Reorganization – Lower Tier Target
28. Foreign-to-Foreign C Reorganization – First Tier Target
29. Outbound C Reorganization - No Inversion
30. Inbound C Reorganization – Lower Tier Target
31. Inbound C Reorganization – First Tier Target
32. Foreign-to-Foreign Section 332 Liquidation
33. Inbound Section 332 Liquidation

Other

34. Bausch & Lomb   (Upstream C Reorg Not Solely for Voting Stock)
35. Crane   (Debt Relief: Nonrecourse Mortgage)
36. McDonald’s Restaurants   (Post-Merger Continuity of Interest)
37. Rev. Rul. 69-294   (Liquidation & Purported B Reorganization
38. Rev. Rul. 69-617   (Upstream Merger Followed by A Contribution Is Not A Section 332 Liquidation)
39. Rev. Rul. 70-223   (Downstream Merger)
40. Rev. Rul. 74-297   (Merger into Foreign Corporation’s Domestic Subsidiary)
41. Rev. Rul. 74-605   (Upstream Stock Sale is Not a 304 Transaction)
42. Rev. Rul. 78-47   (Downstream C Reorganization)
43. Rev. Rul. 79-250   (Two Reorganizations Not Stepped Together As One)
44. Rev. Rul. 81-32   (Foreign-to-Foreign C Reorganization – CFC to Non-CFC: Section 1248(b) Limitation Applies to Deemed Dividend)
45. Rev. Rul. 84-2   (Section 332 Liquidation: Nominal Assets Remaining)
46. Rev. Rul. 85-197   (Downstream Merger of Holding Company – COBE Requirement)
47. Rev. Rul. 90-31   (Section 959(e): Section 1248 PTI Account)
48. Repeal of Bausch & Lomb Doctrine: Upstream C Reorg   [Reg. 1.368-2(d), Ex. 1]
49. Failed Upstream C Reorg   [Reg. 1.368-2(d), Ex. 2]
50. All E&P Amount Defined   [Reg. 1.367(b)-2(d), Ex.]

Added on April 12, 2006

1. Multi-Step Reorganization Flowchart

Added on March 21, 2006

1. Outbound B Reorganization: CFC to Non-CFC (Sec. 367(a) & (b) Overlap)   [Reg. 1.367(a)-3(b), Ex.]
2. Liquidation into 90% Corporate-Owned Partnership Does Not Qualify under Sec. 332   [Reg. 1.367(b)-1(b), Ex.]
3. CFC Inbound Section 332 Liquidation With 100% Ownership   [Reg. 1.367(b)-3(b), Ex. 1]
4. CFC Inbound Section 332 Liquidation With 100% Ownership   [Reg. 1.367(b)-3(b), Ex. 2]
5. CFC Inbound Section 332 Liquidation With 80% Ownership   [Reg. 1.367(b)-3(b), Ex. 3]
6. CFC Inbound D Reorganization   [Reg. 1.367(b)-3(b), Ex. 4]
7. Lower Tier CFC Inbound Merger   [Reg. 1.367(b)-3(b), Ex. 5]
8. Inbound C Reorganization: <10% Shareholder - All E&P Election   [Reg. 1.367(b)-3(c), Ex. 1]
9. Inbound C Reorganization: <10% Shareholder – 50K De Minimis Exception   [Reg. 1.367(b)-3(c), Ex. 2]
10. Foreign to Foreign C Reorganization: CFC to Non-CFC   [Reg. 1.367(b)-4(b), Ex. 1]
11. Foreign to Foreign C Reorganization: CFC to CFC   [Reg. 1.367(b)-4(b), Ex. 2]
12. Foreign to Foreign Triangular C Reorganization: Section 367(a) & (b) Overlap   [Reg. 1.367(b)-4(b), Ex. 3]
13. Foreign to Foreign Reverse Triangular Merger: Section 367(a) & (b) Overlap   [Reg. 1.367(b)-4(b), Ex. 3A]
14. Foreign to Foreign Forward Triangular Merger: Acquiror U.S. Controlled   [Reg. 1.367(b)-4(b), Ex. 3B]
15. Outbound C Reorg Triggers Sec. 1248 Amount Inclusion   [Reg. 1.367(b)-4(b), Ex. 4]
16. Foreign to Foreign B Reorganization: Sec. 1248 Amount Inclusion is Not FPHCI   [Reg. 1.367(b)-4(c), Ex.]
17. Outbound Spin-Off: Gain to “Distributing”   [Reg. 1.367(e)-1, Ex.]
18. Outbound 332 Liquidation: Overall Loss Limitation   [Reg. 1.367(e)-2(b), Ex.]
19. Foreign Base Company Services: Installation & Maintenance   [Reg. 1.954-4(b)(3), Ex. 1]
20. Foreign Base Company Services: Substantial Assistance for Oil Well Drilling   [Reg. 1.954-4(b)(3), Ex. 2]
21. Foreign Base Company Services: No Substantial Assistance for Dam Construction   [Reg. 1.954-4(b)(3), Ex. 3]
22. Foreign Base Company Services: Performance Guarantee for Superhighway Construction   [Reg. 1.954-4(b)(3), Ex. 4]
23. Foreign Base Company Services: Contract Assignment for Superhighway Construction   [Reg. 1.954-4(b)(3), Ex. 5]
24. Foreign Base Company Services: Contract Assignment as a Performance Guarantee   [Reg. 1.954-4(b)(3), Ex. 6]

Added the week of February 3, 2006

1. Dividend Paid by Unrelated Entity to DRHE   [Reg. 1.894-1(d)(2), Ex. 1]
2. Interest Paid by DRHE to Related Foreign Interest Holder   [Reg. 1.894-1(d)(2), Ex. 2]
3. Interest Paid by DRHE to Related Foreign Interest Holder   [Reg. 1.894-1(d)(2), Ex. 3]
4. Reverse Hybrid for One Interest Holder But Not The Other   [Reg. 1.894-1(d)(2), Ex. 4]
5. Recharacterization of Interest to Dividends Can Reduce U.S. Withholding Taxes   [Reg. 1.894-1(d)(2), Ex. 5]
6. Payment to Related Tax-Consolidated Entity   [Reg. 1.894-1(d)(2), Ex. 6]
7. Interest Paid to Unrelated Foreign Bank   [Reg. 1.894-1(d)(2), Ex. 7]
8. Interest Paid to Foreign Bank Pursuant to a Financing Arrangement   [Reg. 1.894-1(d)(2), Ex. 8]
9. Royalty to DRHE & Interest to Foreign Holder   [Reg. 1.894-1(d)(2), Ex. 9]
10. Rev. Rul. 74-503   (Section 351/1032 Overlap “Zero Basis” Problem)

Added on January 26, 2006

1. Black & Decker   (Contingent Liability Tax Shelter)
2. Day & Zimmermann   (Intentionally Avoiding Section 332)
3. Granite Trust Co.   (Intentionally Avoiding Section 332)
4. Rev. Rul. 64-73   (C Reorganization - Part of Target's Assets Transferred Directly to Acquiror's Grandchild)
5. Rev. Rul. 66-171   (Corporate Name Change Is A Section 1036 Exchange)
6. Rev. Rul. 68-357   (Section 351 Exchange Combined with C Reorganizations)
7. Rev. Rul. 68-637   (C Reorganization: Warrants and Options)
8. Rev. Rul. 69-91   (B Reorganization & Cash Purchase of Convertible Debentures)
9. Rev. Rul. 70-224   (C Reorganization - Assets Transferred Directly to Subsidiary, But Liabilities to Acquiror)
10. Rev. Rul. 72-327   (Boot in Reorganization, Treated as Dividend, Qualifies for DRD)
11. Rev. Rul. 72-420   (Conversion from N.V. to B.V. Is A Section 1036 Exchange)
12. Rev. Rul. 73-54   (Acquiror's Payment of reorganization Expenses in a B or C Reorganization)
13. Rev. Rul. 78-83   (Constructive Dividend - Diversion of Income Between Foreign Subsidiaries)
14. Rev. Rul. 79-70   (Busted 351 Via Prearranged Plan to Sell Stock)
15. Rev. Rul. 86-25   (Recapitalization - Exchange of Common for Common & Preferred)
16. Notice 2001-17   (Contingent Liability Tax Shelter)

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