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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Related Book For
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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