Definiti
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Retirement Plan Relationship Manager Prosperity Advisors, LLC
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Southern Pension Services
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Quantech Pensions LLC
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Carpenter Morse Group
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Manager/Supervisor of Benefits and Payroll Compensation Virginia Farm Bureau
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Howard Simon & Associates
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Defined Contribution Plan Administrator Pension Investors Corp of Orlando Inc
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Advanced Plan Designs, LLC
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Pension Rights Center
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Small NY Actuarial TPA Firm
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Southern Pension Services
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Plan Compliance Analyst (administrator) RPA
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Question 236: Wife owns 100% of Corporation A. She, her husband, and two unrelated individuals each own 25% of Corporation B. Is there any type of controlled group situation here, such as brother-sister? Do we assume the husband and wife together own an identical interest in both corporations of over 50%, because they each are considered to own the other spouse's interest in each corporation? |
Answer: No, you are misunderstanding the attribution rules. |
Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.
The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.
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