Please, Its a taxation question. Let me know how it cost. I just need how with the tax issues faced by both parties, the tax consequences and the tax compliacance requirement. We were asked to use the Internal revenue Code. So, please, I will require the IRC codes and Treasury Regulation CodeSections.
Your analysis should consider all tax consequences including amountand character of gains or losses recognized, basis and character of assets acquired, andpotential and actual future consequences.