Taxability of fees in financing a stock redemption.: An article from: The Tax Adviser

by Glenn N. Goergen, Gus H. Vlahadamis

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This digital document is an article from The Tax Adviser, published by American Institute of CPA's on March 1, 1993. The length of the article is 1656 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The administrative and loan fees relating to stock repurchase may no longer be amortized or deducted based on an interpretation of IRC 162(k) by the Arizona District Court. The court reversed the decision of the bankruptcy court in Kroy (Europe) Ltd, in re. This overruled 30 years of case law which protected the purpose of loans from scrutiny and will permit the IRS wide discretion in assigning expenses. Additionally, the decision provided no guidelines for taxpayers. This change in the deductibility of loan fees may have a broad impact.

Citation Details
Title: Taxability of fees in financing a stock redemption.
Author: Glenn N. Goergen
Publication: The Tax Adviser (Magazine/Journal)
Date: March 1, 1993
Publisher: American Institute of CPA's
Volume: 24 Issue: n3 Page: 174(3)

Distributed by Thomson Gale

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