Do you love flowcharts?
Or endless citations?
How about reading through various actions involving P and S?
/says the last part fast and giggles like a school girl
If that sounds like you, then you may enjoy this article I recently had published in the September issue of Taxes Magazine, titled “Identifying Reverse Acquisitions and the Resulting Tax Consequences”.
The reverse acquisition rules of Treas. Reg. 1.1502-75(d)(3) are among the most complicated rules within THE most complicated area of tax law: the consolidated return regulations. Unfortunately, many tax advisors don’t realize a reverse acquisition has occurred until it’s too late, and as a result, the wrong tax returns are filed for the wrong periods, creating a mess that can take significant time and effort to unwind.
In this article, I establish five tests tax advisors can employ to determine whether a reverse acquisition has occurred, and then go on to discuss the resulting tax consequences of a reverse acquisition. I hope you enjoy; it’s got all the P and S you can handle.
/can’t stop giggling
Click here for a PDF of the article: Identifying Reverse Acquisitions and the Resulting Tax Consequences