IRS Shutdown And SBA Report On Status Of Payroll Protection Loans
Small Business Administration report on status of Payroll Protection Loans
https://home.treasury.gov/system/files/136/SBA%20PPP%20Loan%20Report%20Deck.pdf
Deloitte Tax News & Views:
https://newsletters.usdbriefs.com/2020/Tax/TNV/200417_1.html?elqTrackId=1de90fec2e754e678955489faf724238&elq=e22f66ba32e54313b577f2d67644bd48&elqaid=69971&elqat=1&elqCampaignId=13345
Get My Payment for Economic Impact Payment
https://www.irs.gov/coronavirus/economic-impact-payment-information-center#locked
Employment Development Department – Unemployment Assistance for Self-Employed workers.
https://www.edd.ca.gov/about_edd/coronavirus-2019/pandemic-unemployment-assistance.htm
Details of Patterns of Reorganization
Details of Patterns of Reorganization • “A” Reorganization • “B” Reorganization • “C” Reorganization • “D” Reorganization • “E” Reorganization • “F” Reorganization • “G” Reorganization “A” Reorganization Type “A” Reorganization consists of • Merger • Consolidation Both involve the acquisition of one company’s assets by another. Merger Explanation: • Target transfers its assets and…
“B” Reorganization
“B” Reorganization Type “B” involves the acquisition of stock of one corporation by another, and the target corporation becomes a subsidiary of the acquiring, as a result. Requirements of “B” Reorganization 1) The acquisition must be one of a series of acquisitions that are part of an overall plan to acquire the requisite control. 2)…
“C” Reorganization
“C” Reorganization The target corporation must liquidate as part of the plan of reorganization unless the IRS waives this requirement.’ As a result, the shareholders of the target corporation become shareholders in the acquiring corporation. In determining the tax consequences to the liquidating target, the reorganization provisions govern-not the liquidation rules of §§ 336 and…
“D” Reorganization
“D” reorganization: “Spin-off” and “Split-off” acquisitive d reorganization “D” Reorganization Explanation: * Corporate T contains the assets of former corporation A and of T. * Corporation A goes out of existence Corporation A’s shareholder’s control Corporation T. Requirements for Divisive “D” d reorganization requirements imposed by IRC §355 * Distribution of Control -by the…