Allocation of stock redemption proceeds to principal does not terminate OSST status of trusts

Article Abstract:

According to Internal Revenue Service's (IRS) ruling in Ltr. Rul. 200451021, a trustee's allocation of the redemption proceeds from stocks to principal does not amount to the trust's failure to comply with the current income distribution requirement under Section 1361(d)(3). Hence, the status of trusts as per subchapter S trusts is not terminated.

Management dynamics, Trusts, Income Distribution, Funds, Trusts, and Other Financial Vehicles, Capital Management-Stock Repurchase, Management, Tax policy, Company business management, Trusts and trustees, Trusts (Law), United States. Internal Revenue Service, Stock redemption

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Recent developments in partnership taxation: part 1

Article Abstract:

The details of the sections 1202 and 1045 whose primary purpose is to encourage the investments in the real estate industry by professionally managed partnerships are discussed. The benefits of these sections like providing flexibility and increasing the capacitance of the industry are presented.

Financial management, Alliances, partnerships, Other Activities Related to Real Estate, REAL ESTATE, Real Estate Services, Company investment, Investments, Real estate industry, Constitutional torts, Alliances and partnerships

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