Tax Help

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

At  the  beginning  of  Year  1,  ABC,  Inc.  (ABC)  has  one  class  of  stock (i.e., common stock), and  there  are  only  100  shares  of  that  common  stock  outstanding.  Jen  owns  40%  of  the  ABC common  stock  and  has  a  basis  of  $400  in  that  stock.  The  other  60%  of  the  ABC  stock  is  held equally  by  Jen’s  friend  Marina  (who  has  a  basis  of  $200  in  her  stock),  Marina’s  daughter  Elena (who  has  a  basis  of  $200  in  her  stock),  and  Jen’s  mother  Jacky  (who  has  a  basis  of  $200  in  her stock).  In  Year  1,  ABC  has  $50,000  of  earnings  and  profits  from  its  operations  (that  are  not attributable  to  any  specific  period  during  that  year)  and  no  accumulated  earnings  and  profits.  On June  1  of  Year  1,  ABC  distributes  $20,000  to  its  shareholders.  On  November  12  of  Year  1,  ABC distributes  a  parcel  of  land  with  a  fair  market  value  of  $10,000  and  a  basis  of  $5,000  to  its shareholders.  In  Year  2,  ABC  has  a  current  deficit  in  earnings  and  profits  of  $40,000  (that  is  not attributable  to  any  specific  period  during  that  year).  On  April  1  of  Year  2,  ABC  distributes  $20,000 to its  shareholders.  In Years  3 and 4,  ABC  has  ample  earnings  and profits. At  the  beginning  of  Year  1,  DEF,  Inc.  (DEF)  has  one  class  of  stock  (i.e.,  common  stock), and  there  are  only  200  shares  of  that  common  stock  outstanding.  Jen  owns  40%  of  the  DEF common  stock  and  has  a  basis  of  $400  in  that  stock.  The  other  60%  of  the  DEF  stock  is  held equally  by  Jen’s  friend  Marina  (who  has  a  basis  of  $200  in  her  stock),  Marina’s  daughter  Elena (who  has  a  basis  of  $200  in  her  stock),  and  Jen’s  mother  Jacky  (who  has  a  basis  of  $200  in  her stock).  DEF  is  profitable  and  has  ample  earnings  and  profits.  In  Year  4,  Jen,  Marina,  and  Jacky each  transfer  10  shares  of  ABC  common  stock  (with  a  fair  market  value  of  $10,000)  to  DEF  in exchange  for  one  additional  share  of  DEF  stock  (with  a  fair  market  value  of  $1,000)  plus  $9,000  in cash. In  Year  5,  ABC  adopted  a  periodic  redemption  plan  under  which  each  shareholder  of  ABC is  eligible  to  have  no  more  than  2  shares  of  ABC  stock  redeemed  each  year.  No  more  than  a  total  of 4  shares  can  be  redeemed  in  any  one  year  under  the  plan.  In  Year  5,  no  shareholder  made  an election  to  have  shares  redeemed. In  Year  6,  however,  DEF  elected  to  have  2  of  its  shares  of  ABC stock  redeemed;  no  other  shareholder  elected  to  have  stock  redeemed  that  year.  Based  on subsequent  participation  in  the  plan,  this  redemption  by  DEF  in  Year  6  was  not  an  isolated redemption. Discuss  the  U.S.  federal  income  tax  consequences  of  this  series  of  events  to  all parties  involved. In your  answer,  please  be  sure  to  discuss  all  relevant  tax  consequences  (with  and without  available  elections)—including,  but  not  limited  to,  the  amount,  timing,  and  character  of any  income;  basis;  holding  period;  and  tax  attributes  (e.g.,  earnings  and  profits  and  net  operating losses).   

What Will You Get?

We provide professional writing services to help you score straight A’s by submitting custom written assignments that mirror your guidelines.

Premium Quality

Get result-oriented writing and never worry about grades anymore. We follow the highest quality standards to make sure that you get perfect assignments.

Experienced Writers

Our writers have experience in dealing with papers of every educational level. You can surely rely on the expertise of our qualified professionals.

On-Time Delivery

Your deadline is our threshold for success and we take it very seriously. We make sure you receive your papers before your predefined time.

24/7 Customer Support

Someone from our customer support team is always here to respond to your questions. So, hit us up if you have got any ambiguity or concern.

Complete Confidentiality

Sit back and relax while we help you out with writing your papers. We have an ultimate policy for keeping your personal and order-related details a secret.

Authentic Sources

We assure you that your document will be thoroughly checked for plagiarism and grammatical errors as we use highly authentic and licit sources.

Moneyback Guarantee

Still reluctant about placing an order? Our 100% Moneyback Guarantee backs you up on rare occasions where you aren’t satisfied with the writing.

Order Tracking

You don’t have to wait for an update for hours; you can track the progress of your order any time you want. We share the status after each step.


Areas of Expertise

Although you can leverage our expertise for any writing task, we have a knack for creating flawless papers for the following document types.

Areas of Expertise

Although you can leverage our expertise for any writing task, we have a knack for creating flawless papers for the following document types.


Trusted Partner of 9650+ Students for Writing

From brainstorming your paper's outline to perfecting its grammar, we perform every step carefully to make your paper worthy of A grade.

Preferred Writer

Hire your preferred writer anytime. Simply specify if you want your preferred expert to write your paper and we’ll make that happen.

Grammar Check Report

Get an elaborate and authentic grammar check report with your work to have the grammar goodness sealed in your document.

One Page Summary

You can purchase this feature if you want our writers to sum up your paper in the form of a concise and well-articulated summary.

Plagiarism Report

You don’t have to worry about plagiarism anymore. Get a plagiarism report to certify the uniqueness of your work.

Free Features $66FREE

  • Most Qualified Writer $10FREE
  • Plagiarism Scan Report $10FREE
  • Unlimited Revisions $08FREE
  • Paper Formatting $05FREE
  • Cover Page $05FREE
  • Referencing & Bibliography $10FREE
  • Dedicated User Area $08FREE
  • 24/7 Order Tracking $05FREE
  • Periodic Email Alerts $05FREE

Services offered

Join us for the best experience while seeking writing assistance in your college life. A good grade is all you need to boost up your academic excellence and we are all about it.

  • On-time Delivery
  • 24/7 Order Tracking
  • Access to Authentic Sources
Academic Writing

We create perfect papers according to the guidelines.

Professional Editing

We seamlessly edit out errors from your papers.

Thorough Proofreading

We thoroughly read your final draft to identify errors.


Delegate Your Challenging Writing Tasks to Experienced Professionals

Work with ultimate peace of mind because we ensure that your academic work is our responsibility and your grades are a top concern for us!

Check Out Our Sample Work

Dedication. Quality. Commitment. Punctuality

All samples
Essay (any type)
Essay (any type)
The Value of a Nursing Degree
Undergrad. (yrs 3-4)
View this sample

It May Not Be Much, but It’s Honest Work!

Here is what we have achieved so far. These numbers are evidence that we go the extra mile to make your college journey successful.


Happy Clients


Words Written This Week


Ongoing Orders


Customer Satisfaction Rate

Process as Fine as Brewed Coffee

We have the most intuitive and minimalistic process so that you can easily place an order. Just follow a few steps to unlock success.

See How We Helped 9000+ Students Achieve Success


We Analyze Your Problem and Offer Customized Writing

We understand your guidelines first before delivering any writing service. You can discuss your writing needs and we will have them evaluated by our dedicated team.

  • Clear elicitation of your requirements.
  • Customized writing as per your needs.

We Mirror Your Guidelines to Deliver Quality Services

We write your papers in a standardized way. We complete your work in such a way that it turns out to be a perfect description of your guidelines.

  • Proactive analysis of your writing.
  • Active communication to understand requirements.

We Handle Your Writing Tasks to Ensure Excellent Grades

We promise you excellent grades and academic excellence that you always longed for. Our writers stay in touch with you via email.

  • Thorough research and analysis for every order.
  • Deliverance of reliable writing service to improve your grades.
Place an Order Start Chat Now

Order your essay today and save 30% with the discount code ESSAYHELP