The Farm Corporation from an Income Tax Viewpoint: Friend or Foe?

Authors

C. William Eastwood, Nebraska and New York State Bar Associations, member

Abstract

I. Introduction

II. Incorporation … A. Initial Transfer of Assets … B. Establishment of a Section 1244 Plan … C. Selection of Assets and Liabilities for Transfer and Allocation of Income and Expenses … D. Use of Multiple Entities

III. Operation … A. General Considerations … B. Subchapter S Taxation … C. Corporate Tax Elections … D. Fringe Benefits … 1. Individual Qualified Deferred Compensation Plans … 2. Corporate Qualified Deferred Compensation Plans

IV. Sale, Liquidation, and Redemption … A. Sale of Stock … B. Purchase of Stock and Subsequent Distribution … C. Liquidation and Distribution … 1. Section 331 Liquidation … 2. Section 333 Liquidation … 3. Section 337 Liquidation … D. Redemption … E. Partnership Liquidation and Redemption Compared

V. Conclusion

Recommended Citation

C. William Eastwood, The Farm Corporation from an Income Tax Viewpoint: Friend or Foe?, 54 Neb. L. Rev. 443 (1975)
Available at: https://digitalcommons.unl.edu/nlr/vol54/iss3/2