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Business Purpose For Distribution Found
June 23, 2021
Distributing, (D), is a State X corporation. D is engaged in two businesses: MB and EB. D has a single class of common stock outstanding, all of which is held by SHA. Employee...

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Recent Reports

L Brands, Inc. Announces Details Of Proposed Victoria's Secret Spin-Off
June 23, 2021
L Brands, Inc., ("L"), has decided to divest its Victoria's Secret operation in a tax-efficient manner, i.e., by means of a tax-free spin-off of such operation to...
Virginia Has Not Adopted The "CARES" Act
June 23, 2021
The taxpayer filed a 2018 Corporate Application for Refund Carry Back of Net Operating Loss, claiming a net operating loss deduction for the 2016 taxable year by carrying back...
Universal Music Group B.V. Will Have New Owners
June 22, 2021
Vivendi S.E., ("V"), currently owns 80 percent of the Ordinary Shares of Universal Music Group B.V., ("UMG"), and a consortium led by the Tencent group owns...
The Willens Deal Survey June 2021
June 22, 2021
Welcome to this month's summary of deals. Full reports on some of these transactions can be found via the link in the description, or by searching the company name in our database.