which of the following is not a major consequence of recent tax policies course hero

What happens if the basis of a property transferred to a corporation under section 351 exceeds its fair market?

A) If the basis of a property transferred to a corporation under section 351 exceeds its fair market value, the corporation will always take a tax basis in the property equal to the property's fair market value.

What is realization on taxes?

A) Realization is the recording of gain or loss on a tax return.

What is the result of an exchange of property rights in a transaction?

B) Realization is the result of an exchange of property rights in a transaction.

Who must collectively control the corporation immediately after the transfer?

B) In the aggregate, the transferors of property to the corporation must collectively control the corporation immediately after the transfers.

Does boot received affect gain or loss?

A) Boot received has no impact on the recognition of gain or loss realized in a section 351 transaction.

What has made the transfer of jobs overseas unattractive to U.S. manufacturers?

c. State regulation has made the transfer of jobs overseas unattractive to U.S. manufacturers.

Why do cashiers rely on electronic cash registers?

56. Cashiers have come to rely on electronic cash registers to tell them how much change to return to a customer. Sociologists refer to this as .

Is B common in a service based economy?

b. is common in a service-based economy.