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Hi from Just Answer. Zenz v. Quinlivan laid the groundwork...Q & A
Acquiring corp insist that taxpayer would only pay tax on $13,879 ,
so for clarification purposes, you are telling me that the taxpayer would pay tax on the full $27,500M x 15% for a tax owed of $4,125,000.
So now you are telling me that they only tax on the 13,879M
and no tax is based on the difference to get to $27,500?
Only taxed on net assets distributed of $13,879?