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5 Aug 2011, 3:24 pm
 However, entity-purchase agreements implemented by entities taxed under Subchapter C of the IRC, e.g. c-corporations and some LLCs, must meet the requirements of IRC § 302(b) or § 303 for redemptions to qualify as sales of shares, for which a decedent's estate recognizes no gain as opposed to recognizing a dividend. [read post]
20 Mar 2018, 7:42 am by Justin Marceau
These two circuit courts have held that when no underlying rationale gains the assent of five justices, the Supreme Court announces a judgment, but it does not create a holding that is binding on lower courts. [read post]