What is the purpose of Section of the IRC

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Questions -

Q1. What is the purpose of Section 351 of the IRC?

Q2. Two people want to form a partnership and want to transfer business assets into the partnership. They are afraid of tax issues with the transfer what do you tell them?

Q3. How does Section 1244 of the IRC help people who want to start a business?

Q4. What are the differences between an 1120-S business form and an LLC form?

Reference no: EM132643654

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