Question from Paul
March 6, 2011 at 5:30am
We accept alloyed a C corp into an LLC through a approved merger. The C corp and the new LLC are on a agenda year. The alliance was official on February 1, 2010. I accept we charge to book a abbreviate anatomy 1120 for the corporation. Do we additionally charge to book a 966 back the association was not attenuated or liquidated, it was artlessly transformed. Thank you.
Answer: Paul – Anatomy 966 is acclimated to accede with Internal Revenue Cipher area 6043(a) which states:
Every association shall—
Based on your discription of the transaction and the cipher area above, it does not arise that there is a claim to book a Anatomy 966.
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