False. A Section 351 deferral under the Internal Revenue Code is available when a shareholder transfers property to a corporation in exchange for stock, and it can apply to both single and multiple shareholders.
Under Section 351, the transfer of property to a corporation is not taxable if the transfer is made in exchange for stock in the corporation, and if immediately after the transfer, the transferor and other persons who transfer property to the corporation (if any) own at least 80% of the total combined voting power of all classes of stock entitled to vote and at least 80% of the total number of shares of all other classes of stock of the corporation.
Therefore, it is not necessary for a single shareholder to transfer property for a controlling stock interest in a corporation to qualify for a Section 351 deferral. Multiple shareholders can transfer property to the corporation and still qualify for the deferral if the 80% ownership requirement is met.
learn more about Section 351 here:
https://brainly.com/question/14788745
#SPJ4
It is true that a §351 deferral is only available when a single shareholder transfers property for a controlling stock interest in a corporation.
A §351 deferral is available when one or more shareholders transfer property to a corporation in exchange for stock, and the transferors are in control of the corporation immediately after the exchange. The control requirement is met if the transferors own at least 80% of the total combined voting power and 80% of the total number of shares of all other classes of stock. It is not limited to a single shareholder.
Know more about §351 deferral here:
https://brainly.com/question/14788745
#SPJ11
policies and practices intended to focus on health promotion and disease prevention should
some believe this rule is upheld by the wealthy to oppress the poor, a view that aligns with the ______ perspective.
some believe this rule is upheld by the wealthy to oppress the poor, a view that aligns with the Marxist perspective.
The Marxist perspective is based on the works of Karl Marx, who believed that the wealthy exploit the working class in order to maintain their power and wealth. The idea of the wealthy upholding a rule to oppress the poor is an example of this exploitation.
The wealthy are able to manipulate the rules and laws in their favor, while the poor are left behind with no voice or power. This creates an unequal society, where the working class is unable to achieve economic prosperity. The wealthy use their power to maintain their privileged status, while the poor are left to suffer in poverty.
This view aligns with the Marxist perspective, as it highlights the unequal power distribution between the wealthy and the working class in society. Ultimately, this rule is seen as a means to maintain the status quo and further the interests of the wealthy at the expense of the poor.
Know more about Marxist perspective here
https://brainly.com/question/29483756#
#SPJ11