MEWDS (Multiple Evanescent White Dot Syndrome) is a rare, unilateral, self-limiting inflammatory disease that afflicts young women more than men in a 4:1 ratio. Despite the lack of treatment, the prognosis is excellent. Our patient is the typical age and gender.
To qualify for sale or exchange treatment, a stock redemption generally must result in a substantial reduction in a shareholderâs ownership interest in the corporation.In the absence of this reduction in ownership interest, the redemption proceeds are taxed as dividend income. The former shareholder has no interest, other than that of a creditor, in the corporation for at least 10 years after the redemption (including an interest as an officer, director, or employee).
These related party rules and guidelines do not prohibit or bar any related-party transactions, but merely requires a longer holding period in order to qualify for the tax-deferred exchange treatment under Section 1031.031 Exchanges have certainly not been immune to such tax abuse, and the Internal Revenue Service (IRS) has issued rules and guidelines on related party 1031 Exchange transactions to curb such investor abuse. Tax Basis Swapping.