Examlex
Because boot is generated under § 357(b) (i.e., the liability is not supported by a bona fide business purpose), the transferor shareholder will always have to recognize gain.
American Federalism
The system of government in the United States where power is divided between a central government and individual states.
U.S. Government
The federal political system of the United States, consisting of three branches: executive, legislative, and judicial, established to govern the country.
Policy Decisions
Actions taken by government leaders or institutions that establish regulations or guidelines on various issues affecting the public.
Supreme Court
The highest court in the United States, serving as the final arbiter of disputes and interpreter of constitutional law.
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