Clubs and Organizations
August 4, 2017
One of the most important things lawyers and clients should do in every merger and acquisition transaction is to read the documents, and be clear on the central facts of their transaction. This seems so profoundly simple and obvious it seems that it would not need to be repeated.
But a recent United States Tax Court case highlights the implications of not doing so.
In Makric Enterprises, Inc. v. Commissioner, TC