United States: IRS Acknowledges Planning Opportunity For Consolidated Groups - Mcdermott - Congoo

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United States: IRS Acknowledges Planning Opportunity For Consolidated Groups - McDermott

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Mondaq | July 02, 2009

Consolidated groups with members that have worthless common stock but some value on their preferred stock should consider opportunities to merge the member into other group members in order to accelerate a worthless stock deduction. The Internal Revenue Service (IRS) publicly acknowledged that worth...

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