twelve month liquidation

A liquidation occurring within 12 months from adoption of the liquidation plan to complete liquidation, subject to a tax law prohibiting the company from recognizing any gains or losses on property sold within that time frame.

• Generally, inventory will not be included unless a bulk sale occurs. IRC § 337. [Cases: Internal Revenue 3698, 3711. C.J.S. Internal Revenue §§ 400, 403.]


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译员黎川,在一家顶尖澳洲律师事务所的上海办公室担任全职法律翻译,擅长翻译涉及工业与制造业领域的法律文件。
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