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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 To the contrary, be aware that some of the material on these pages is out of date, incomplete and/or altered in relation to the official version.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.

2007 Chart Postings

Added December 28, 2007

Jade Trading LLC (Son of BOSS - Currency Spread Transaction)

Added August 24, 2007

Cases and Rulings

  1. American Bantam Car Co. (Section 351 - Control "Immediately After" the Exchange)
  2. Balanovski (Argentine Partnership Engaged in U.S. Trade or Business)
  3. Heinz (Subsidiary Purchase & Sale of Parent Stock)
  4. Johnston (Nonresident Alien Member of Partnership Which is Engaged In A U.S. Trade or Business)
  5. Ludwig (Pledge of CFC Stock With Negative Covenants Was Not A Guarantee By The CFC)
  6. Quijano (No Netting of Currency Loss on Foreign Mortgage With Gain on Residence Sale)
  7. Rev. Rul. 56-100 (Busted 351: Two-step Exchange)
  8. Rev. Rul. 57-144 (Tainted Spin-Off - Control Acquired Within 5 Years)
  9. Rev. Rul. 64-102 (Pre-Split-Off Contribution Was Not a Device for the Distribution of E&P)
  10. Rev. Rul. 69-148 (No Completed Gift with Joint Brokerage Account)
  11. Rev. Rul. 70-41 ( B Reorganization with Acquisition of Debentures)
  12. Rev. Rul. 70-305 (Subsidiary Purchase & Sale of Parent Stock)
  13. Rev. Rul. 70-373 (Deemed Paid Credit Impact of Lower-Tier 332 Liquidation)
  14. Rev. Rul. 70-424 (Domestic Corp is Foreign Corp's Agent)
  15. Rev. Rul. 70-522 (Busted 351 Via Mutual Exchanges of Stock)
  16. Rev. Rul. 71-141 (Deemed Paid Foreign Tax Credits Through A Partnership)
  17. Rev. Rul. 71-383 (Pre-Spin Contribution Was Not a Device)
  18. Rev. Rul 72-57 (Reverse Stock Split Was A Recapitalization)
  19. Rev. Rul. 72-576 (Remote Continuity: Forward Triangular Merger With a Drop)
  20. Rev. Rul. 73-2 (Section 304/351 Overlap)
  21. Rev. Rul. 74-387 (Section 902 Deemed Paid Credits in D Reorganization With Boot)
  22. Rev. Rul. 74-565 (Reverse Triangular Merger Treated as Triangular B Reorg)
  23. Rev. Rul. 75-33 (Contingent Dividends on Convertible Preferred Stock in a B Reorganization)
  24. Rev. Rul. 75-456 (B Reorg With Contingent Consideration Followed by F Reorg)
  25. Rev. Rul. 79-194, Situation 1  (351 Exchange: Sale of Stock to Other Transferors)
  26. Rev. Rul. 79-194, Situation 2  (Failed 351 Exchange: Accommodation Exchange)
  27. Rev. Rul. 89-37 (Failed Spin-Off: Control Acquired with Gain Recognized)
  28. Rev. Rul. 90-79 (Non-Deductible Personal Currency Loss on Foreign Mortgage)
  29. Rev. Rul. 2004-76, Situation 1 (Treaty Benefits: Incorporated in One Jurisdiction and Managed & Controlled in Another)
  30. Notice 2005-77 (Nonresident Alien Individual Filing Requirements for U.S. Source Wages)
  31. Notice 2007-9 Example 1 (Factoring Exception to CFC Look-Through Rule)
  32. Notice 2007-9 Example 2 (Section 956 Exception to CFC Look-Through Rule)
  33. Notice 2007-9 Example 3 (Exception to CFC Look-Through Rule)
  34. Rev. Rul. 2007-40 (Guaranteed Payment Obligation Satisfied With Property Triggers Gain/Loss)
  35. Rev. Rul. 2007-42, Situation 1 (Spin-Off - 33 1/3 % Interest in Partnership)
  36. Notice 2007-48 (Killer B Transaction)

Other

  1. Corporation Not Considered to Own Its Own Stock [Reg. 1.318-2(a), Example 1]
  2. Section 318 50% Threshold Includes Attributed Ownership [1.318-2(a), Example 2]
  3. Family Attribution: Up One and Down Two Generations [Reg. 1.318-2(b), Example]
  4. Partnership Attribution [Reg. 1.318-2(c), Example 1]
  5. Section 351 Exchange With New Corporation [Reg. 1.351-1 (a)(2), Example 1]
  6. 78% is Insufficient to Qualify Under Section 351 [Reg. 1.351-1 (a)(2), Example 2]
  7. 80% Threshold Includes Stock Received for Services [Reg. 1.351-1 (a)(2), Example 3]
  8. Section 351 Exchange With Constructive Transfer [Reg. 1.351-1 (b)(2), Example 1]
  9. Stock in Exchange For Services [Reg. 1.351-1 (b)(2), Example 2]
  10. No Investment Company Under Section 351(e)(1) -- De Minimis Diversification [Reg. 1.351-1 (c)(7), Example 1]
  11. Investment Co. Under Section 351(e)(1) Due to Diversification [Reg. 1.351-1 (c)(7), Example 2]
  12. Spin-Off Meets Section 355(b) Requirements [Prop. Reg. 1.355-3(d)(2), Example 1]
  13. Split-Up Meets Section 355(b) Requirements [Prop. Reg. 1.355-3(d)(2), Example 2]
  14. Spin-Off - DSAG Member [Prop. Reg. 1.355-3(d)(2), Example 3]
  15. Spin-Off - DSAG Member Acquisition of 368(c) Control [Prop. Reg. 1.355-3(d)(2), Example 4]
  16. Spin-Off - Segmented CSAG Business [Prop. Reg. 1.355-3(d)(2), Example 5]
  17. Spin-Off - Segmented DSAG Business [Prop. Reg. 1.355-3(d)(2), Example 6]
  18. Spin-Off - Failed Segmented Business [Prop. Reg. 1.355-3(d)(2), Example 7]
  19. Spin-Off - Jointly Owned Partnership [Prop. Reg. 1.355-3(d)(2), Example 8]
  20. Double Spin-Off: One Qualifies [Prop. Reg. 1.355-3(d)(2), Example 9]
  21. Spin-Off With Securities and Vacant Land [Prop. Reg. 1.355-3(d)(2), Example 10]
  22. Spin-Off With Occupied Real Estate [Prop. Reg. 1.355-3(d)(2), Example 11]
  23. Spin-Off With Occupied Real Estate [Prop. Reg. 1.355-3(d)(2), Example 12]
  24. Failed Spin-Off -- No Significant Activities [Prop. Reg. 1.355-3(d)(2), Example 13]
  25. Spin-Off -- Vertical Division -- State Contracts [Prop. Reg. 1.355-3(d)(2), Example 14]
  26. Spin-Off -- Vertical Division -- Location [Prop. Reg. 1.355-3(d)(2), Example 15]
  27. Spin-Off -- Horizontal Division -- Research [Prop. Reg. 1.355-3(d)(2), Example 16]
  28. Spin-Off -- Horizontal Division -- Research [Prop. Reg. 1.355-3(d)(2), Example 17]
  29. Spin-Off -- Expansion & Vertical Division -- Location [Prop. Reg. 1.355-3(d)(2), Example 18]
  30. Spin-Off -- Expansion & Horizontal Division -- Internet [Prop. Reg. 1.355-3(d)(2), Example 19]
  31. Expansion - Acquiring a SAG Member [Prop. Reg. 1.355-3(d)(2), Example 20]
  32. No Expansion - Acquiring Only 368(c) Control [Prop. Reg. 1.355-3(d)(2) Example 21]
  33. Partnership - Meaningful/Significant [Prop. Reg. 1.355-3(d)(2), Example 22]
  34. Partnership - Meaningful/Significant Interest [Prop. Reg. 1.355-3(d)(2), Example 23]
  35. Partnership - Multiple Significant Interests [Prop. Reg. 1.355-3(d)(2), Example 24]
  36. Spin-Off & Split-Off -- Separated Management Functions [Prop. Reg. 1.355-3(d)(2), Example 25]
  37. Purchase of ATB From Related Affiliate Member [Prop. Reg. 1.355-3(d)(2), Example 26]
  38. Taxable Acquisition & Section 351 Exchange [Prop. Reg. 1.355-3(d)(2), Example 27]
  39. Tax Free Acquisitions of Businesses [Prop. Reg. 1.355-3(d)(2), Example 28]
  40. Forward Triangular Merger (40%) [Reg. 1.367(a)-3(d)(3), Ex. 1]
  41. Forward Triangular Merger (40%) Subsidiary in Consol'd Group [Reg. 1.367(a)-3(d)(3), Ex. 1A]
  42. Reverse Triangular Merger (40%) [Reg. 1.367(a)-3(d)(3), Ex. 2]
  43. Forward Triangular Merger (55%) [Reg. 1.367(a)-3(d)(3), Ex. 3]
  44. Forward Triangular Merger & GRA Terminated [Reg. 1.367(a)-3(d)(3), Ex. 4]
  45. Triangular B Reorganization [Reg. 1.367(a)-3(d)(3), Ex. 5]
  46. Triangular B Reorganization [Reg. 1.367(a)-3(d)(3), Ex. 5A]
  47. Triangular C Reorganization [Reg. 1.367(a)-3(d)(3), Ex. 6]
  48. Outbound C Reorg with Partial Drop [Reg. 1.367(a)-3(d)(3), Ex. 6A]
  49. Outbound C Reorg with Partial Drop [Reg. 1.367(a)-3(d)(3), Ex. 6B]
  50. Outbound C Reorg with Partial Drop [Reg. 1.367(a)-3(d)(3), Ex. 6C]
  51. Triangular C Reorganization with Later 351 [Reg. 1.367(a)-3(d)(3), Ex. 7]
  52. Triangular C Reorganization with Later 351 [Reg. 1.367(a)-3(d)(3), Ex. 7A]
  53. Outbound Triangular C Reorg [Reg. 1.367(a)-3(d)(3), Ex. 8]
  54. Outbound Triangular C Reorg [Reg. 1.367(a)-3(d)(3), Ex. 8A]
  55. Outbound Triangular C Reorg [Reg. 1.367(a)-3(d)(3), Ex. 8B]
  56. Outbound Triangular C Reorg [Reg. 1.367(a)-3(d)(3), Ex. 8C]
  57. Outbound Triangular C Reorg with Partial Drop [Reg. 1.367(a)-3(d)(3), Ex. 9]
  58. Outbound Forward Triangular Merger [Reg. 1.367(a)-3(d)(3), Ex. 10]
  59. Outbound Reverse Triangular Merger [Reg. 1.367(a)-3(d)(3), Ex. 11]
  60. Triangular C Reorganization [Reg. 1.367(a)-3(d)(3), Ex. 12]
  61. Successive 351 Exchanges [Reg. 1.367(a)-3(d)(3), Ex. 13]
  62. Successive 351 Exchanges [Reg. 1.367(a)-3(d)(3), Ex. 13A]
  63. Triangular C Reorganization [Reg. 1.367(a)-3(d)(3), Ex. 14]
  64. Triangular C Reorganization [Reg. 1.367(a)-3(d)(3), Ex. 14A]
  65. Forward Triangular Merger [Reg. 1.367(a)-3(d)(3), Ex. 15]
  66. Foreign D Reorganization [Reg. 1.367(a)-3(d)(3), Ex. 16]
  67. Outbound Merger Under Section 367(a)(5) [Temp. Reg. 1.367(a)-3T(e)(3), Example]
  68. Outbound Merger Under Section 367(a)(5) [Temp. Reg. 1.367(a)-3T(e)(3), Example Alternate Facts]
  69. Outbound B Reorg, Sec 351 and 721 Exchanges - Basis Adjustments [Reg. 1.367(a)-8T(b)(3)(iv)(D), Example]
  70. Outbound 351 & Sale of Transferred [Temp. Reg. 1.367(a)-8T(d)(1)(ii), Example]
  71. Outbound 351 & Domestic F Reorganization [Temp. Reg. 1.367(a)-8T(e)(3)(iv), Example 1]
  72. Outbound 351 & Outbound F Reorganization [Temp. Reg. 1.367(a)-8T(e)(3)(iv), Example 1, Alternate Facts]
  73. Outbound 351 Followed by Acquisitive D Reorganization [Temp. Reg. 1.367(a)-8T(e)(3)(iv), Example 2]
  74. Outbound 351 Followed by C Reorganization [Temp. Reg. 1.367(a)-8T(e)(3)(iv), Example 3]
  75. Outbound 351, 332 Liquidation & Disposition of Substantially All Assets [Temp. Reg. 1.367(a)-8T(e)(6)(ii), Example]
  76. Outbound 351 Exchange Followed by Foreign-to-Foreign 351 With Boot [Temp. Reg. 1.367(a)-8T(f)(1)(iii), Example]
  77. Outbound 351 Exchange & Partial Dispositions [Temp. Reg. 1.367(a)-8T(g)(1)(iii), Example]
  78. Outbound 351 & Sale of Transferee [Temp. Reg. 1.367(a)-8T(g)(1)(vi), Example 1]
  79. Outbound of Stock, Outbound of Land and Sale of Transferee [Temp. Reg. 1.367(a)-8T(g)(1)(vi), Example 2]
  80. Outbound 351 Exchange & Inbound 332 Liquidation [Temp. Reg. 1.367(a)-8T(g)(3)(v), Example 1]
  81. Outbound 351 Exchange & Spin-Off [Temp. Reg. 1.367(a)-8T(g)(3)(v), Example 2]
  82. 2003 Outbound 351 Exchange & 2005 Spin-Off [Temp. Reg. 1.367(a)-8T(h)(2)(iv), Example 1]
  83. 2003 Outbound 351 & 2005 Foreign-to-Foreign 351 [Temp. Reg. 1.367(a)-8T(h)(2)(iv), Example 2]
  84. Fiscally Transparent ("FT") Entity Not Eligible For Reduced Treaty Rate [Reg. 1.894-1(d)(5), Example 1]
  85. One of Two Interest Holders Eligible for Reduced Treaty Rate [Reg. 1.894-1(d)(5), Example 2]
  86. Entity & Interest Holder Eligible for Reduced Treaty Rate [Reg. 1.894-1(d)(5), Example 3]
  87. Foreign Grantor of Foreign Grantor Trust Eligible For Reduced Treaty Rate [Reg. 1.894-1(d)(5), Example 4]
  88. Basis of Contributing Partner's Interest With Liabilities Assumed [Reg. 1.722-1, Example 1]
  89. Gain on Contribution Into Partnership With Liabilities Assumed [Reg. 1.722-1, Example 2]
  90. U.S. Real Property Holding Corporation -- Interest in Foreign Corporation [Reg. 1.897-2(e)(1), Example 1]
  91. Inbound 332 Liquidation of USRPI [Reg. 1.897-5T(c)(2)(iii), Example 1]
  92. Limited Partners for Self-Employment Purposes [Prop. Reg. 1.1402(a)-2(i) Example]
  93. LLC With Two Members (But One Economic Owner) Treated As A Disregarded Entity [PLR 200201024] (Sec. 7701)

Added March 14, 2007

  1. De Amodio  (U.S. Rental Properties Were A U.S. Trade or Business but not a Permanent Establishment)
  2. Bollinger  (Corporation as Agent of Its Owner)
  3. Boulez  (Payments for Personal Services or for Royalties?)
  4. Donroy  (Foreign Limited Partner In U.S. Limited Partnership - Permanent Establishment)
  5. Garlock Inc.  (Shift of Formal Voting Power to Avoid CFC Status)
  6. Housden  (Resident Alien Required to Withhold U.S. Tax on Alimony and Interest)
  7. Johnson  (No Basis Aggregation For Section 301 Distribution)
  8. Lewenhaupt  (Swedish Count Engaged in U.S. Real Estate Business)
  9. Linen Thread Co.  (Two U.S. Sales Did Not Create U.S. Trade or Business)
  10. Moline Properties  (Corporation With A Single Shareholder is a Separate Taxable Entity)
  11. Morgan  (Liquidation - Reincorporation -- Meaningless Gesture)
  12. National Carbide  (Subsidiaries Were Not Agents of the Parent)
  13. Pinchot  (U.K. Citizen Engaged in U.S. Real Estate Business)
  14. Sante Fe Drilling Co.  (Accrual of Australian Income Taxes for Calendar Year Taxpayer)
  15. Unger  (Foreign Limited Partner in U.S. Partnership had U.S. Permanent Establishment)
  16. Rev. Rul. 84-160  (Section 351 Exchange of One USRPI for Another USRPI)
  17. Notice 2005-90  (Foreign Tax Credits Not Disallowed In Certain Back-to-Back Licensing Arrangements)
  18. Rev. Rul. 2007-8, Situation 1  (351 Exchange / D Reorg Overlap with Liabilities Exceeding Basis)
  19. Rev. Rul. 2007-8, Situation 2  (351 Exchange / C Reorg Overlap with Liabilities Exceeding Basis)
  20. Guarantee of Bank Debt Does Not Create A Financing Arrangement  [Reg. 1.881-3(e), Ex. 1]
  21. Back-to-Back Loan Treated as Financing Arrangement  [Reg. 1.881-3(e), Ex. 2]
  22. Bank Financing Through Intermediate Entity  [Reg. 1.881-3(e), Ex. 3]
  23. Related Persons Treated As Single Intermediate Entity  [Reg. 1.881-3(e), Ex. 4]
  24. Related Persons Treated As Single Intermediate Entity  [Reg. 1.881-3(e), Ex. 5]
  25. Limitation on Benefits: Example of the Need for the Ownership/Base Erosion Test (Sec. 894)

Added January 12, 2007

  1. Notice 2007-13, Example 1    (FBC Services - Substantial Assistance: CFC Costs Exceed 20% - No Sub F)
  2. Notice 2007-13, Example 2    (FBC Services - Substantial Assistance: Indirect Services - Sub F)
  3. Notice 2007-13, Example 3    (FBC Services - Substantial Assistance: Indirect Services - No Sub F)

Added January 8, 2007

Cases and Rulings

  1. Avery  (Dividend Not Taxable Until Unqualifiedly made Subject to Shareholder’s Demands)
  2. Cox  (Installment Sale Treatment Not Available For 304 Transaction)
  3. Helvering v. Horst  (Fruit Not Attributed to a Different Tree)
  4. Indianapolis Power & Light  (Customer Deposits Were Not Advance Payments)
  5. Burnet v. Logan  (Open Transaction Doctrine (Contingent Payments))
  6. MedChem (P.R.), Inc.  (Section 936 - Active Conduct of Trade or Business Within a Possession)
  7. P.G. Lake, Inc.  (No Capital Gain on Sale of Right to Receive Ordinary Income)
  8. Taisei Fire  (U.S. Agent of Japanese Insurance Companies was an Independent Agent)
  9. Rev. Rul. 61-156  (Liquidation - Reincorporation with 45% Common Ownership
  10. Rev. Rul. 63-234  (Two Step Exchange Did Not Qualify As B Reorganization (Remote Continuity))
  11. Rev. Rul. 64-155  (Outbound Contribution to Capital)
  12. Rev. Rul. 67-448  (Reverse Triangular Merger Was, in Substance, a B Reorganization)
  13. Rev. Rul 69-630  (Bargain Sale Between Brother-Sister Corporations)
  14. Rev. Rul. 2003-96  (Nonapplication of Section 482 to Lease Stripping Transaction)
  15. Rev. Rul. 2003-125, Situation 2  (Check the Box Election As Identifiable Event For Worthless Stock Deduction)
  16. Rev. Rul. 2004-3  (Foreign Partner Deemed to Have A Fixed Base in the U.S.)
  17. Rev. Rul. 2004-79  (Subsidiary Purchase of Parent Debt)

Other

  1. Installment Obligation Received in Forward Triangular Merger  [Prop. Reg. 1.453-1(f)(2)(iv), Ex. 1]
  2. Check-the-Box Planning to Get 901 Credits and to Avoid 10/50 Basket  [Reg. 1.701-2(d), Ex. 3]
  3. Dividends Received Deduction for Dividend from Foreign Corporation  [Reg. 1.861-3(a)(3)(iii), Ex. 1]
  4. Subpart F Income: CFC for Full Year  [Reg. 1.951-1(b)(2), Ex. 1]
  5. Subpart F Income: CFC for First Part of Year  [Reg. 1.951-1(b)(2), Ex. 2]
  6. Subpart F Income: CFC for Last Part of Year  [Reg. 1.951-1(b)(2), Ex. 3]
  7. Hopscotch Rule & PTI Dividend  [Reg. 1.951-1(b)(2), Ex. 4]
  8. Subpart F Income: CFC for Last Part of Year  [Reg. 1.951-1(b)(2), Ex. 5]
  9. 12 Month Ownership Test Under US-UK Tax Treaty with Disregarded Entity  [PLR 200626009] (Sec. 894)
  10. Section 304 Can Be a One-Way Street
  11. Signature Authority Regarding Check-the-Box Elections  [Reg. 301.7701-3(c)(2)
  12. Non-Corporate Purchaser: De Facto 338 Election
  13. U.S. Corporate Seller of CFC: Buyer Makes Immediate Check-the-Box Election (Sec. 7701)
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