Question
When a corporation is formed, if the transferors own 80% or more of the corporation immediately after the exchange, then the transaction is, generally, tax-free.
When a corporation is formed, if the transferors own 80% or more of the corporation immediately after the exchange, then the transaction is, generally, tax-free. True False
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Auditing And Assurance Services
Authors: William Messier, Steven Glover, Douglas Prawitt
6th International Edition
0071284664, 978-0071284660
