LAW 641-001 – Taxation of Businesses

Section List


Section #Section TopicTab ColorPage #
49(a)(1)(D)(iv)QNRF Qualified PersonBlue50
83Property for ServicesGreen93
243Dividends to CorporationsMagenta253
267__Green__
301DistributionsGreen293
302Distribution in RedemptionGreen294
311Property Distributions Affecting TaxGreen306
312Property Distributions Affecting Earnings and ProfitsBlue307
312(n)(7)Redemptions Affecting Earnings and ProfitsBlue311
316Dividend DefinedOrange311
317Redemption DefinedOrange312
318Constructive Stock OwnershipBlue312
351Transfer to Controlled CorporationGreen323
357Assumption of LiabilityGreen338
358Basis to DistributeesOrange340
362Basis to CorporationsOrange343
465At-Risk Partnership Loss LimitMagenta466
469Passive Loss LimitMagenta475
701Partnership Not TaxedGreen571
702Partner IncomeGreen571
703Partnership ComputationsGreen572
704Partner's Gain/LossGreen573
705Partner's BasisOrange574
707Partner TransactionsGreen578
721Transfer to PartnershipGreen580
722Basis in Partnership from ContributionsOrange580
723Basis in Partnership from PropertyOrange581
724Character of ContributionOrange581
731Gain/Loss on DistributionGreen582
732Basis to Partner Distributees for PropertyOrange585
733Basis to Partner DistributeesOrange587
735Selling Unrealized ReceivablesOrange588
736Payments to Retiring PartnerOrange589
741Selling Partnership InterestBlue591
743Adjusting Basis on Purchasing Partnership InterestOrange590
751Unrealized ReceivablesBlue593
752Partnership LiabilityGreen594
754Electing §743Blue594
755Allocating Basis After §743 & §734Orange595
761(d)Liquidation DefinedBlue__
1059(e)Extraordinary Corporate DividendsOrange624
1221Capital AssetsOrange633
1223??Orange??
12311231 Gain (Business Property)Orange633
1223Holding PeriodBlue636
1361S Corp DefinedOrange688
1362S Corp ElectionOrange694
1363S Corp TaxBlue698
1366S Corp Pass-Thru TaxGreen699
1367??????
1368????702
1371????703
1378??????
1.704-1(b)(2)(ii)Substantial Economic EffectOrange1339
1.704-1(b)(2)(iv)(f)Revaluing PartnershipOrange__
1.704-1(b)(2)(iv)(g)(1)Book ValueOrange1346
1.704-2(d)(1)Partnership Minimum GainGreen1363
1.704-3(b)–(d)704(c) Allocation MethodsOrange1378
1.743-1(j)§743 EffectsOrange1458
1.752-3(a)Partnership Nonrecourse Liability SharesGreen1481
1.741-1(a)Selling Partnership Interest with Hot AssetsGreen1481
1.1223-3Divided Holding Period in a PartnershipBlue??