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 Tax Transfer Form Au330 2018

2018-2025 Form

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Video instructions and help with filling out and completing Tax Transfer Form Au330

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Instructions and help about Tax Transfer Form Au330

in this video we're going to discuss whether you can have a valid section 351 transaction when one of the transfer is transferring services to the corporation so just a quick review the three requirements for a section 351 transaction are that the transfer transfer property solely in exchange for the corporation stock and then they have control which is 80% of vote and value immediately afterwards so the question is what if one of the transfer is also providing services to the corporation in exchange for the corporation stock does that person count as part of the control group for purposes of determining whether they have 80% of the vote and value afterwards and the answer the short answer is no but there's it's a little more complicated than that but let me give you an example so let's say that you you own a ferris wheel and it cost 100,000 that's your basis in it and it has fair market value of 975,000 it's appreci cated and so you form

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