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  • Dpa Form 351

Get Dpa Form 351

State of California FLEXELECT Reimbursement Claim Form FLEXELECT Plan Year 20 For claims to be paid out of 2009 send DPA 352 to FBMC. Please read requirements on reverse side DPA 351 Rev. 09/09 -- Last Name First Name MI Please Print Daytime Phone Number optional Street Address Social Security Number SSN City State Zip Dependent Care Reimbursement Account day care babysitting etc. Dates Care Provided Name Address and Taxpayer Identification Name .

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Realized gain is recognized on a § 351 transfer if the transferor receives "boot" in the exchange (ex. money or property other than stock). Gain is recognized to the extent of the lesser of the gain realized or the boot received (the amount of money and the fair market value of the other property received).

Joe transfers a macrame machine, valued at $300,000. Each had an original purchase price of $100,000. However, Sally receives 80 of the 100 shares of stock in the new corporation, and Joe gets 20 shares of stock and $100,000. In this situation, Sally's transaction would be eligible for a 351 deferral.

Am I obligated to do this? A. Yes. Labor Code Section 351 provides that "every gratuity is hereby declared to be the sole property of the employee or employees to whom it was paid, given, or left for".

Section 351(a) provides that no gain or loss shall be recognized if property is transferred to a corporation by one or more persons solely in exchange for stock in such corporation and immediately after the exchange such person or persons are in control (as defined in § 368(c)) of the corporation.

Generally, a transferor's basis in the stock received in a Section 351 transfer is equal to: the basis of the property exchanged for the stock, decreased by. the amount of boot received, and increased by. the amount of gain recognized.

351 allows a tax-free incorporation transfer if certain requirements are met, including that the property must be transferred to a corporation by one or more persons in exchange for stock in the corporation, and, immediately after the exchange, the transferor(s) is (are) in control (as defined in Sec.

Tangible assets. Any tangible asset constitutes property for purposes of the Section 351 transfer rules. Inventory, machinery, land, buildings, or equipment all qualify.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232