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Form 8883 online Washington: What You Should Know

Indiana.edu (search for ducat and click “Manage Catalog”).  Note: Search results may include items that are out of your local Indiana University campus location. To add an item, go directly to ducat.Indiana.edu  Form 8883, asset allocation statement. Statement under section 338, includes a description of any related transactions; and, the proceeds from such transactions. For each transaction related to deemed sales of corporate assets: Include: Sale Proceeds — Amounts (except payments to owners) of all assets sold; and, Purchase Proceeds — Amounts (except payments to owners) of all assets purchased (with interest); and, Any other amount that may be required by the governing federal law This form asks for specific information with respect to the asset sale and deemed sales transaction: In case I'm not clear: “In case I'm not clear : If a corporation or private trust owns a majority of shares of its class C capital stock, then that company is considered to own a controlling interest” “Note : Where a public company's or state's pension benefit is contingent on a determination of who owns the majority of shares of class C capital stock, and therefore this portion of the Form 8883 is included : In that state, a corporation or private trust may own only a portion or all of a controlling interest in a firm's eligible securities.” “The determination of who owns the controlling interest (or majority controlling interest) in a corporation is made using the applicable Federal Accounting Standards (FAS) and related federal guidance.” “In case a firm also owns more than one class of securities or other interests in a combination that is classified in a class on its last FAS filing: (a) For purposes of section 1272(b), a public corporation's or private trust's interest must be identified for public reporting purposes, and (b) For the purposes of section 1272(a)(3)(A), a public trust's interest in or interests in combination with a private fund interest, a public company's interest is treated as being separate and distinct and a controlling interest from those of the private fund interests in a combination that is listed on an entity's last FAS filing.

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