Yellow Corporation lends $235,000 to Red Corporation with no provision for interest. Yellow Corporation and Red Corporation

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Yellow Corporation lends $235,000 to Red Corporation with no provision for interest.

Yellow Corporation and Red Corporation are owned by the same shareholders.

How might the IRS restructure this transaction with adverse tax consequences?

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South Western Federal Taxation 2013 Corporations Partnerships Estates And Trusts

ISBN: 9781133495574

36th Edition

Authors: William H. Hoffman, William A. Raabe, James E. Smith, David M. Maloney

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