Tax

Tag: PO

  • Pooling of Interests

    Pooling of Interests means:an accounting method used in the combining or merging of companies following an acquisition, whereby the balance sheets (assets and liabilities) of the two companies are simply added together, item by item. Pooling of interests mergers tend to be nontaxable transaction…

  • Points Paid by Seller

    Points Paid by Seller Under Rev. Proc. 94-27, individual taxpayers may claim a tax deduction for points paid by the seller in connection with the purchase of a principal residence if certain requirements are met. Under this rule, the seller is treated as having paid the amount of the points to the buyer who, in…