Know The IRS Stance On Acquisition Deduction Issues
May 7, 2013, 1:21 PM EDT
Law360, New York (May 7, 2013, 1:21 PM EDT) -- Corporate tax concerns dictate the structure of many merger and acquisition transactions. A recurring issue in the consolidated tax return context is whether the buyer group will be able to claim a deduction for certain transaction-related expenses or whether a deduction must be claimed by the target, which often turns on application of the “which day?” rule.
When a target becomes part of the buyer’s consolidated tax group, the target normally has two short tax years (the tax year ending on the date of the transaction...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.