Examlex
When the net accumulated taxable losses of a subsidiary exceed the parent's acquisition price, the parent's basis in the subsidiary's stock becomes negative.
Pesos Per Dollar
A currency exchange rate that shows how many Mexican pesos can be exchanged for one US dollar.
U.S. Economy
The economic system of the United States, characterized by private enterprise, a variety of industries, advanced technology, and a complex system of goods and services production and distribution.
Dollar Price
The value of a commodity, asset, or service denoted in units of the U.S. dollar, reflecting its cost or market value.
English Pound
The currency of the United Kingdom, also known as the pound sterling.
Q2: One advantage of acquiring a corporation via
Q6: Pursuant to a liquidation, Coral Corporation distributes
Q9: Last year, Miguel contributed nondepreciable property with
Q11: When the § 382 limitation is evoked,
Q29: After a complete liquidation has been adopted,
Q34: Michelle receives a proportionate liquidating distribution when
Q82: Where are the controlling Federal income tax
Q88: The amount of a partnership's income and
Q106: Member's operating loss, when stock basis =
Q120: An example of the "aggregate concept" underlying