Identify Which of the Following Statements Is False

question 87

Multiple Choice

Identify which of the following statements is false.

• A)When determining the use of an NOL carryover following a change of ownership, the old loss corporation and the new loss corporation may be the same for Sec. 382 purposes.
• B)A new loss corporation that does not continue the business enterprise of the old loss corporation during the two-year period beginning on the date of the stock ownership change cannot use the net operating loss carryover.
• C)One advantage of a tax-free reorganization is that losses realized as part of a tax-free reorganization are not recognized.
• D)For purposes of Sec. 382, ownership changes are tested any time a 5% shareholder has a stock transaction affecting his ownership.

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Definitions:

Political Tactic

Strategies employed by individuals or groups within an organization to gain power, influence decisions, and achieve specific goals.

Withholds Information

The act of intentionally not sharing or disclosing relevant data or insights that may be necessary or beneficial to others.

Political Tactic

Strategies and maneuvers individuals or groups use to gain power, influence decisions, and achieve desired outcomes within organizational settings.

Communication

The process of exchanging information, ideas, thoughts, and feelings through spoken words, written messages, or non-verbal means among individuals or groups.