338 election form | About Form 8023, Elections Under Section 338 for C

Keyword	CPC	PCC	Volume	Score	Length of keyword
338 election form	1.43	0.4	4643	58	17
338	1.13	0.8	425	19	3
election	1.87	1	1982	18	8
form	0.69	0.7	2893	20	4

Keyword	CPC	PCC	Volume	Score
338 election form	1.99	0.2	7318	51

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About Form 8023, Elections Under Section 338 for Corporations …
irs.gov

https://www.irs.gov/forms-pubs/about-form-8023

WEBPurchasing corporations use this form to make elections under section 338 for the target corporation if they made a qualified stock purchase (QSP) of the target corporation. About Form 8023, Elections Under Section 338 for Corporations Making Qualified Stock Purchases | Internal Revenue Service

DA: 60 PA: 17 MOZ Rank: 15

Form 8023 Elections Under Section 338 for Corporations …
irs.gov

https://www.irs.gov/pub/irs-pdf/f8023.pdf

WEBElections Under Section 338 for Corporations Making Qualified Stock Purchases. OMB No. 1545-0123. See separate instructions. Information about Form 8023 and its separate instructions is at www.irs.gov/Form8023.

DA: 46 PA: 85 MOZ Rank: 20

Instructions for Form 8023 (10/2023) | Internal Revenue Service
irs.gov

https://www.irs.gov/instructions/i8023

WEBFeb 2, 2024 · General Instructions. Purpose of Form. Use Form 8023 to make elections under section 338 for a corporation (the “target” corporation) if the purchasing corporation has made a qualified stock purchase (QSP) of the target corporation.

DA: 29 PA: 31 MOZ Rank: 25

Section 338 - What it is, Implications, S Corporation
corporatefinanceinstitute.com

https://corporatefinanceinstitute.com/resources/accounting/section-338/

WEBSection 338 provides two elections: the so-called “regular Section 338 election” under Section 338(g), and the other under Section 338(h)(10). These elections treat a stock acquisition as an asset acquisition for federal income tax purposes. A Section 338 election is useful when the buyer has a good business reason to acquire stock rather ...

DA: 7 PA: 28 MOZ Rank: 79

Section 338 Elections - Macabacus
macabacus.com

https://macabacus.com/taxes/section338

WEBTherefore, a 338 (g) election results in two levels of tax: 1) selling shareholders recognize a taxable gain or loss on the actual stock sale and 2) the target entity recognizes a taxable gain on the deemed asset sale, which usually becomes a liability of the acquiring entity.

DA: 48 PA: 42 MOZ Rank: 28

Comparing stock sales and asset sales of S corporations - The …
thetaxadviser.com

https://www.thetaxadviser.com/issues/2021/aug/comparing-stock-asset-sales-s-corporations.html

WEBAug 1, 2021 · The election to treat the stock purchase of a target corporation as an asset acquisition is made on Form 8023, Elections Under Section 338 for Corporations Making Qualified Stock Purchases (Regs. Sec. 1. 338-2 (d)). There are two types of …

DA: 55 PA: 77 MOZ Rank: 20

Section 338 Election - Overview, Asset Sale, Tax Implications
wallstreetoasis.com

https://www.wallstreetoasis.com/resources/skills/accounting/section-338

WEBLast Updated: October 4, 2023. What Is Section 338? Section 338 of the Internal Revenue Code is the law that defines and allows taxpayers to treat certain stocks as asset acquisitions. The case of Kimbell-Diamond Milling Co. v. Commissioner, 14 T.C. 74 (1950) serves as the foundation for any discussion of Internal Revenue Code Section 338.

DA: 79 PA: 97 MOZ Rank: 83

M&A and Election to Treat Stock Acquisition as an Asset Acquisition
bloombergtax.com

https://news.bloombergtax.com/tax-insights-and-commentary/m-a-and-election-to-treat-stock-acquisition-as-an-asset-acquisition

WEBJun 9, 2022 · The Internal Revenue Code allows buyers and sellers of the stock of an S corporation to make a Section 338 (h) (10) election so that a qualified stock purchase will be treated as a deemed asset purchase for federal income tax purposes.

DA: 2 PA: 62 MOZ Rank: 44

IRC Section 338 Election - McGuire Law Firm
jmtaxlaw.com

https://jmtaxlaw.com/irc-section-338-election/

WEBSection 338 Election of the tax code can help resolve some of the issues created in stock sales to benefit both buyers and sellers. This article has been prepared by a Denver business attorney and tax attorney to discuss the specific problems in greater detail. Requirements for Section 338 (h) (10)

DA: 79 PA: 96 MOZ Rank: 28

Purchase Price Allocations Support Section 338 Elections
valuationresearch.com

https://www.valuationresearch.com/insights/purchase-price-allocations-support-section-338-elections/

WEBSec. 338 elections generally take one of two forms: the Sec. 338 (g) election which is most useful in the case of foreign acquisitions, and the Sec. 338 (h) (10) election which is commonly used in the case of a domestic acquisition.

DA: 12 PA: 81 MOZ Rank: 23