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Question 1. What is the stock ownership interest of each Square One shareholder before the redemption?
Question 2. Is the proposed stock redemption a sale of stock or dividend?
Question 3. Is Square One a personal holding company?
Question 4. If Square One is a personal holding company, what additional tax would it have to pay?
Question 5. What year-end tax planning action could Square One take to ensure it is not subject to the personal holding company tax?
in its first month of operations quirk company made three purchases of merchandise in the following sequence 1 300
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