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The outstanding stock of A, B, C, and D Corporations are owned by the following unrelated parties: Corporations Shareholders A B C D James C.
The outstanding stock of A, B, C, and D Corporations are owned by the following unrelated parties: | ||||
Corporations | ||||
Shareholders | A | B | C | D |
James C. | 20% | 10% | 20% | 1% |
Andrew F. | 20% | 20% | 15% | 5% |
Jeffrey M. | 20% | 15% | 20% | 4% |
David S. | 15% | 15% | 20% | 20% |
Falzone Corporation | 25% | 40% | 25% | 70% |
100% | 100% | 100% | 100% | |
Determine which corporations, if any, are part of a brother-sister group for Code Sec. 1561 purposes. |
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