Determining Basis: the Court of Federal Claims Rules that Economic Performance Must Occur Before Liabilities Are Included in Basis.

more+
less-

The Court of Federal Claims has ruled that the economic performance test must be satisfied for assumed liabilities to be included in the tax basis of a purchaser of property.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

more+
less-

Post & Schell, P.C. on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×