How does the tax treatment differ in cases where liabilities are assumed with a tax avoidance purpose

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How does the tax treatment differ in cases where liabilities are assumed with a tax avoidance purpose versus where liabilities assumed exceed basis? When would this distinction cause a difference in the tax consequences of the transactions?

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Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Question Posted: Sep 21, 2024 05:13 AM

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How does the tax treatment differ in cases where liabilities are assumed with a tax avoidance purpose

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Taxation Of Individuals And Business Entities 2015

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