26 U. S. Code § 351 - Transfer to corporation controlled by transferor In determining control for purposes of this section, the fact that any corporate transferor distributes part or all of the stock in the corporation which it receives in the exchange to its shareholders shall not be taken into account
Part I Section 351. –Transfer to Corporation Controlled by Transferor ISSUE Whether a transfer of assets to a corporation (the “first corporation”) in exchange for an amount of stock in the first corporation constituting control satisfies the control requirement of § 351 of the Internal Revenue Code if, pursuant to a binding agreement entered into by the transferor with a third party prior to the exchange, the transfero
Understanding Section 351: Asset Transfers and Requirements for Tax . . . What is Section 351? Under IRC Section 351, when a person transfers property to a corporation in exchange for stock, the transfer is tax-deferred, meaning no immediate gain or loss is recognized This provision allows individuals to contribute assets to a corporation without triggering taxable income, enabling the transfer to happen smoothly
SECTION 351. Transfer to corporation controlled by transferor No gain or loss shall be recognized if property is transferred to a corporation by one or more persons solely in exchange for stock in such corporation and immediately after the exchange such person or persons are in control (as defined in section 368 (c)) of the corporation
351 Area Code - Location map, time zone, and phone lookup Area code 351 is located in northeastern Massachusetts and covers Lowell, Lawrence, Haverhill, and Peabody It is an overlay for area code 978 and serves the same area What time zone is area code 351?
What is a 351 Transfer? - Asset Strategy A 351 transfer, also known as a Section 351 transfer, is a provision in the U S tax code that allows individuals or entities to transfer property to a corporation without triggering immediate tax consequences Section 351 transfer is not limited to C corporations It applies to both C corporations and S corporations