In a stock acquisition, why is there a difference between the tax basis of assets held by an acquired corporation and the tax basis of the shares held by a corporate acquirer Why is this difference important ...

The tax basis of the assets and liabilities of the acquired corp ...

In a stock acquisition, why is there a difference between the tax basis of assets held by

Question:

In a stock acquisition, why is there a difference between the tax basis of assets held by an acquired and the tax basis of the shares held by a corporate acquirer? Why is this difference important?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...