Examlex
Basis of appreciated property transferred minus boot received (including liabilities transferred) plus gain recognized
equals basis of stock received in a § 351 transfer.
Employment-At-Will
A legal doctrine stating that an employer can terminate an employee at any time, for any legal reason, and similarly, the employee can quit at their discretion.
Legal Remedy
The means by which a court of law enforces a right, imposes a penalty, or makes another court order to impose its will.
Fired
Term commonly used to describe the termination of employment due to an employee's performance or behavior.
Legal Recourse
The right of an individual or entity to seek legal intervention for resolving a dispute or enforcing a right.
Q21: A taxpayer transfers assets and liabilities to
Q49: Persons who were shareholders during any part
Q53: Cecelia is the sole shareholder of Aqua
Q61: Harold is a head of household,has $27,000
Q63: Barbara has the following results of netting
Q66: For purposes of the § 338 election,a
Q67: Vertigo,Inc. ,has a 2010 net § 1231
Q79: Issues relating to basis arise when a
Q98: Grocer Services Corporation (a calendar year taxpayer),a
Q120: PaulCo,DavidCo,and Ralph form a partnership with cash