Question
A owns all 90 shares of Class A voting common stock and all 90 shares of Class C nonvoting common stock of X. B owns
A owns all 90 shares of Class A voting common stock and all 90 shares of Class C nonvoting common stock of X. B owns all 10 shares of Class B voting common stock and all 10 shares of Class D nonvoting common stock of X. Does A control X under sec. 368(c)? Can X make an S election? What if the charter of X is amended so that Class D shares have 1/10 vote per share?
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Rehabilitation Tax Credit IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
1304114686, 978-1304114686
