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Insightful
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Joined: 18 Oct 2004
Location: United States
Online Status: Offline
Posts: 171
Posted: 31 Mar 2009 at 09:34 | IP Logged  

Need help with answer to these two questions

 

. A transferor who receives stock for both property and services cannot be included in the control group indetermining whether an exchange meets the requirements of § 351.

   A person who performs services for a corporation in exchange for stock cannot be treated as a member of thetransferring group even if that person also transfers some property to the corporation.



__________________
Audit 08/17/08 R 9/18/08 80
FAR   8/28/08 R 9/23/08 62, 2/26/09-92
BEC- Retake 02-25 BEC Rec'd 3/19/ 86
REG/ 11/23/2009 75
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