Corporate Equity Reduction Transaction
Corporate Equity Reduction Transaction means:
either a major stock acquisition (e.g., a leveraged buyout) or an excess distribution (such as a leveraged restructuring transaction), both of which are denied a loss carryback deduction created by an interest deduction. See Former IRC (check if this IRC provision is current here) §§ 172(b)(1)(E) and 172(h)(3).
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