代写Accy 551 Handout Packet 5 Related Party and Distributions代写留学生Matlab语言

日期：2025-11-17 05:22

Accy 551

Handout Packet 5

Related Party and Distributions

Accy 551

Case 11 – Corporations Corporation – Shareholder Transactions §267

Facts

W & A Inc. is owned 40% by Will Clark and 60% by S & P Partnership.  The partnership is owned by Sharon Clark and Paul Jones.  Sharon is married to Will.  Paul is not related to Will or Sharon.

Will wants to purchase several assets from W & A Inc.  Sales prices ofthe assets have been determined by independent appraisals.  Sales prices for part of the assets will result in gains to the corporation; the remaining asset sales will generate a loss.  Purchase by Will of all of the assets will generate a net gain for W & A.  Will is uncertain whether he should purchase all of the assets.

Issue

Will the losses on the sale of the loss assets be disallowed?  If so, can the transaction be structured to avoid the disallowance?

Accy 551

Case 11 – Corporations Corporation – Shareholder Transactions §267

Facts

Lemon Inc. is owned by:

Larry               20%

Ed                   20%

Mark                20%

Orson              20%

Nelson Inc.       20%

Nelson Inc. is owned by:

Ed                    50%

Sandra              50%

Sandra is married to Orson.  Larry and Mark are brothers.  Mark and Orson each own a 5% interest in Klaxton Partnership.

Issue

Which shareholders of Lemon Inc. are considered related to the corporation under the  rules of §267?  Include in your answer a discussion of the direct and indirect ownership of each shareholder.