This schedule is being provided as a courtesy so that you can assist shareholders in calculating the tax basis of their shares.
Shareholders should consult their Forms 1099-DIV as provided previously for each year for dollar amounts, and shareholders must contact their tax advisors.
THE CRITICAL ISSUE FOR TAX PLANNING is whether the assets distributed are considered property under IRC code section 336 and whether the corporation owns them.
THE QUESTION OF WHO "OWNS" the clients and customer-based intangibles turns on whether there is an employment or noncompete agreement in effect at the time the intangibles are distributed.
When you liquidate your IRA, you'll only owe taxes on the portion of the distribution that comes from deductible contributions and earnings.