Guest quentin Posted May 10, 1999 Posted May 10, 1999 Company x owns 51% of stock of z corp., indiv. y owns remaining 49%. according to stock attribution rules of 414©, z corp. is treated as controlled group with x and participates in x's 401(k) plan. Individual y will purchase the remaining 51% of stock in z and start up a new 401(k) plan. Do the z participants in x's plan have a distibutable event upon the acquisition of all the stock in z corp. by individual y?
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now