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| ? Mentioned in | ? References in periodicals archive | |
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9 Melissa Ferrick and Bitch will rock the house at Vinyl, 1374 West
Peachtree St. The proposal would require the immediate recognition by
the large C Corporation of the net built-in gain in its assets through
the repeal of Section 1374 of the Code and revisions to IRS Notice 98-19
(affecting conversions of C Corporations to RICs or REITs) to conform it
thereto. According
to Internal Revenue Code section 1374, a built-in gains tax is applied
to die appreciation of assets due to a corporate status change if the
appreciation is disposed of within 10 years. |
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