Corpus Christi Texas Action of the Board of Directors by Written Consent in Lieu of Meeting to Adopt IRS Code

State:
Multi-State
City:
Corpus Christi
Control #:
US-0043BG
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Description

A section 1244 stock is a type of equity named after the portion of the Internal Revenue Code that describes its treatment under tax law. Section 1244 of the tax code allows losses from the sale of shares of small, domestic corporations to be deducted as ordinary losses instead of as capital losses up to a maximum of $50,000 for individual tax returns or $100,000 for joint returns.



To qualify for section 1244 treatment, the corporation, the stock and the shareholders must meet certain requirements. The corporation's aggregate capital must not have exceeded $1 million when the stock was issued and the corporation must not derive more than 50% of its income from passive investments. The shareholder must have paid for the stock and not received it as compensation, and only individual shareholders who purchase the stock directly from the company qualify for the special tax treatment. This is a simplified overview of section 1244 rules; because the rules are complex, individuals are advised to consult a tax professional for assistance with this matter.

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Corpus Christi, TX housing is 22% cheaper than the U.S average, while utilities are about 16% pricier. When it comes to basic necessities such as food and clothing, groceries are around 8% less in Corpus Christi, TX than in the rest of the country, while clothing costs around 8% less .

The celebration is associated with the commemoration of Jesus's Last Supper with his Apostles before His crucifixion. Still, the focus of Corpus Christi isn't the passion and death of Jesus Christ, but rather that he is here among us for all time. And Catholic mass is the central element of the feast.

Corpus Christi (called Corpus by the locals) is Texas's largest coastal city and the gateway to Padre Island.

Stunning Texan Beaches If all you want from your vacation is access to miles and miles of unspoiled, beautiful beaches, Corpus Christi is ideal. Base yourself in Downtown Corpus Christi and you can be on Padre or Mustang Island in minutes, where the water is warm and the soft sands are always inviting.

Corpus Christi, a city in Texas, boasts soft, sandy beaches stretching for miles, washed across by gentle waves of the Gulf. The pristine waters allure water enthusiasts and sunseekers alike. Also, the city offers an eclectic blend of rich cultural, historical, and artistic heritage.

Located on the South Texas coast, Corpus Christi has earned its fair share of nicknames like the ?Texas Riviera? or the ?Sparkling City by the Sea.? But its best known denomer is ?The Real Windy City? because our Gulf winds create more of an uproar than that Lake-Michigan-locked metropolis up north.

Located on the South Texas coast, Corpus Christi has earned its fair share of nicknames like the ?Texas Riviera? or the ?Sparkling City by the Sea.? But its best known denomer is ?The Real Windy City? because our Gulf winds create more of an uproar than that Lake-Michigan-locked metropolis up north.

The pros of living in Corpus Christi include its low cost of living, pleasant winter months, and its proximity to the coast. The cons include elevated crime rates in some areas and the fact that the city is slightly isolated being so close to the water.

?The city boasts a serene, beachfront atmosphere, complemented by a warm climate year-round, that residents can enjoy at a reasonable cost.? In fact, Corpus Christi's cost of living is 10% lower than the national average.

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Corpus Christi Texas Action of the Board of Directors by Written Consent in Lieu of Meeting to Adopt IRS Code