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People also ask
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What are the requirements for Section 332 liquidation?
These requirements include ownership of at least 80% of the subsidiary's stock, complete cancellation or redemption of all of the subsidiary's stock, and completion of the liquidation with certain time limits.
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What is Section 332 of the Plan of liquidation?
26 U.S.C. section 332, Complete liquidations of subsidiaries. Under IRC section 332, no gain or loss is recognized on a corporation's receipt of property that is distributed in complete liquidation of another corporation if specific requirements are met.
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What is the difference between 331 and 332 liquidation?
However, Code §332 applies to a liquidation only if several conditions are met. If any of the conditions are not met, Code §331 governs the tax treatment of the liquidation.
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What are the requirements for confirmation of Chapter 11 plans?
Plans can be confirmed as long as they do not discriminate unfairly, are fair and equitable with respect to each class of claims or interests, provide that all projected disposable income of the debtor (or equivalent value) is paid into the plan for a three to five year period. 11 U.S.C. § 1191.
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What is sec 332?
IPC Section 332 - Voluntarily causing hurt to deter public servant from his duty | Devgan.in.
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What are the requirements for a tax-free spinoff?
What are the Requirements for a Tax-Free Spinoff Under Section 355? Under Section 355, there are four major requirements for a spinoff to qualify as tax-free: control, device, active trade or business, and distribution.
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What is the difference between 331 and 332 liquidation?
However, Code §332 applies to a liquidation only if several conditions are met. If any of the conditions are not met, Code §331 governs the tax treatment of the liquidation.
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What is sec 332?
IPC Section 332 - Voluntarily causing hurt to deter public servant from his duty | Devgan.in.
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