338 H 10 Election Form. But then upon discussion with the target company, and you discover that the company’s tax basis in its assets is only $500,000. You’re faced with a new dilemma.
Web a section 338(h)(10) election is made jointly by purchaser and seller on form 8023. Web purchasing corporations use this form to make elections under section 338 for the target corporation if they made a qualified stock purchase (qsp) of the target corporation. When and where to file file form 8023 by the 15th day of the 9th month after the acquisition date to make a section 338 election for the target corporation. Web a 338 (h) (10) election allows a buyer of stock of an s corporation or a corporation within a consolidated group to treat the transaction as an acquisition of 100% of the assets of the. Web information about form 8883, asset allocation statement under section 338, including recent updates, related forms and instructions on how to file. When and how to file generally, attach form 8883 to the return on which the effects of the section 338 deemed sale and purchase of the target's assets are required to be reported. You’re faced with a new dilemma. Web section 338 (h) (10) election scenario 1 you’ve found a great company whose acquisition you believe would advance your objectives. Its stock is valued at $1.5 million. Web for elections under sections 338(g) and 338(h)(10) both the old target and the new target must file form 8883.
This deemed sale occurs while old target is still a member of seller's consolidated group. About form 8023, elections under section 338 for corporations making qualified stock purchases | internal revenue service Web section 338 (h) (10) election scenario 1 you’ve found a great company whose acquisition you believe would advance your objectives. Web purchasing corporations use this form to make elections under section 338 for the target corporation if they made a qualified stock purchase (qsp) of the target corporation. Its stock is valued at $1.5 million. You’re faced with a new dilemma. Web a 338 (h) (10) election allows a buyer of stock of an s corporation or a corporation within a consolidated group to treat the transaction as an acquisition of 100% of the assets of the. Web a section 338(h)(10) election is made jointly by purchaser and seller on form 8023. This deemed sale occurs while old target is still a member of seller's consolidated group. Old target is treated as transferring all of its assets to an unrelated person in exchange for consideration that includes the discharge of its liabilities. When and how to file generally, attach form 8883 to the return on which the effects of the section 338 deemed sale and purchase of the target's assets are required to be reported.
