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Corporate Taxation (Examples and Explanations Series) » (4th Edition)

Book cover image of Corporate Taxation (Examples and Explanations Series) by Cheryl D. Block

Authors: Cheryl D. Block
ISBN-13: 9780735588721, ISBN-10: 0735588724
Format: Paperback
Publisher: Wolters Kluwer Law & Business
Date Published: January 2010
Edition: 4th Edition

Author Biography: Cheryl D. Block

Book Synopsis

Block's (law, George Washington U.) textbook differs from others on corporate taxation in its inclusion of hypothetical questions—and their answers— at the end of most of the chapters, as well as the addition of diagrams illustrating corporate transactions. Provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Act of 2003 have been incorporated into the updated third edition. Annotation ©2004 Book News, Inc., Portland, OR

	Preface	xxiii
	Acknowledgements	xxv
Part 1	Some Preliminary Matters
Chapter 1	Introduction	3
	The Corporate Income Tax-A Double Tax Regime	3
	Computation and Rate Structure for the Tax on Corporate and Shareholder Income	6
	Nonrecognition in the Subchapter C World	16
	Incidence of the Corporate Tax	17
Chapter 2	Choice of Form and Entity Classification	19
	Introduction	19
	Choice of Business Form	20
	Classification of the Business Entity	25
Chapter 3	The Corporate Capital Structure	33
	Introduction	33
	Distinguishing Debt from Equity	35
	Losses from Investments in the Corporate Enterprise	45
	Gains from Investment in the Corporate Enterprise	47
	Conclusion	48
Part 2	Corporate Formation
Chapter 4	Incorporation and Other Contributions to Capital	51
	Introduction	51
	Shareholder Nonrecognition: [section]351 Eligibility Requirements and Underlying Policy	53
	Operation of Shareholder Nonrecognition Rules	67
	Tax Consequences to the Corporation	74
	Contribution vs. Sale	76
	Additional Contributions to Capital	78
	Effect of Liabilities: [section]357 and Related Matters	81
	Examples	103
	Explanations	105
Part 3	Corporate Midlife Events
Chapter 5	Nonliquidating Distributions	117
	Introduction	117
	Tax Consequences to the Shareholders	118
	Definitions of Earnings and Profits	127
	Special Rules for Corporate Shareholders	130
	Tax Consequences to the Distributing Corporation	135
	Distributions Involving Liabilities	141
	Constructive Dividends	143
	Examples	144
	Explanations	146
Chapter 6	Redemption Distributions	155
	Introduction	155
	Tax Consequences to Redeemed Shareholders	157
	A Look at Attribution Rules: [section]318	166
	Special Issues for Corporate Shareholders	179
	Redemptions of Stock to Pay Death Taxes: [section]303	180
	Redemptions Related to Inter-Shareholder Transfers and Bootstrap Acquisitions	181
	Redemptions by Related Corporations: [section]304	189
	Tax Consequences to the Corporation	197
	Examples	198
	Explanations	200
Chapter 7	Stock Dividends	209
	Introduction	209
	Tax Consequences to the Shareholders	211
	Tax Consequences to the Corporation	220
	The Preferred Stock Bailout: [section]306 Stock	221
	Examples	235
	Explanations	238
Part 4	Corporate Liquidation and Related Issues
Chapter 8	General Liquidation Rules	245
	Introduction	245
	Tax Consequences to Individual Shareholders: [section]331	247
	Tax Consequences to the Liquidating Corporation: [section]336	253
	Examples	259
	Explanations	262
Chapter 9	Liquidation of Subsidiaries	271
	Introduction	271
	Tax Consequences to the Parent Corporation: [section]332	272
	Tax Consequences to Minority Shareholders: [section]331	276
	Tax Consequences to the Liquidating Subsidiary: [section]337	276
	Examples	280
	Explanations	282
Part 5	Corporate Acquisitions, Divisions, and Other Corporate Restructuring
Subpart A	Taxable Acquisitions
Chapter 10	Taxable Mergers and Acquisitions	291
	Introduction	291
	Taxable Asset Acquisitions	296
	Taxable Stock Acquisitions	303
	Stock Acquisitions Treated as Asset Acquisitions: [section]338	305
	Special Problems Under [section]338: Affiliated Corporations and Consistency Rules	318
	Creative Acquisition Strategies	328
	Examples	329
	Explanations	332
Subpart B	Tax-Free Reorganizations
Chapter 11	Introduction to Basic Corporate Reorganization Principles	343
	Introduction	343
	Categories of Reorganization	344
	Overview and History: Doctrine Underlying Tax-Free Reorganizations	346
	Overview of Corporate Reorganization Tax Consequences	347
	Judicial Glosses on the Statute	355
	Step-Transaction Doctrine	376
	Meaning of "Party to a Reorganization" and "Plan of Reorganization"	382
Chapter 12	Acquisitive Reorganizations	385
	Introduction	385
	Acquisitive Stock Reorganizations: The Basic Type B Reorganization	387
	Acquisitive Asset Reorganizations: Basic Statutory Mergers and Consolidations	395
	Acquisitive Asset Reorganizations: The Basic Type C Reorganization	399
	Triangular Reorganizations	406
	Nondivisive Type D Reorganizations	421
	Acquisitive Reorganizations in Insolvency: The Type G Reorganization	422
	Overlaps in the Acquisitive Reorganization Definitions	423
	Proposals to Eliminate the Reorganization Definitions	424
	Carryover of Tax Attributes Following Tax-Free Acquisitive Reorganizations	425
	Examples	427
	Explanations	431
Chapter 13	Corporate Divisions	445
	Introduction	445
	Overview of [section]355 Requirements	452
	A Closer Look at the [section]355 Requirements	453
	Overlap of [section]368(a)(1)(D) and [section]355: Divisive Reorganizations	466
	Tax Consequences to Shareholders and Other Distributees	466
	Tax Consequences to the Corporation	468
	Examples	474
	Explanations	476
Chapter 14	Recapitalization and Other Corporate Restructuring	483
	Introduction	483
	Recapitalizations: The Type E Reorganization	485
	Mere Change in Identity, Form, or Place: Type F Reorganization	498
	Examples	499
	Explanations	501
	Table of Cases	507
	Table of Internal Revenue Code Sections	509
	Table of Treasury Regulations and Revenue Rulings	517
	Index	521

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Corporate Taxation (Examples and Explanations Series) » (4th Edition)

Author Biography: Cheryl D. Block

Book Synopsis

Table of Contents

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