Section 55 Reporting Requirements

• Library: Bus Trans 2005

In addition to the I.R.C. § 1060 reporting requirements, there are other reporting requirements that may apply to a stock acquisition or a leveraged buyout. I.R.C. § 6043(c) provides that, “when required by the Secretary,” a corporation must make a return with respect to a stock acquisition, a recapitalization, or a “substantial change” in corporate capital structure. The taxpayer will be required to report any such transaction on Form 8806, Information Return for Acquisition of Control or Substantial...