Classic symptoms of ringworm include lesions that typically appear on a dogâs head, ears, paws and forelimbs. These lesions can cause patchy, crusted circular âbald spotsâ that sometimes look red in the center. In mild cases of ringworm, there may be just a few broken hairs, while bad cases of ringworm can spread over most of a dogâs body. Itâs also possible for a dog to carry the fungus and not show any symptoms whatsoever.
For the minority shareholders. the liquidation is a taxable transaction, and the general rules of gain or. loss and basis apply.'. In the case of the parent corporation, the basis of the assets received. in liquidation is the same as the basis to the subsidiary..
A fine line exists between definitions of a corporate liquidation and dissolution. But for tax purposes, the defining line can make a big difference. Witness the situation described in recent letter from the Internal Revenue Service (LTR 200806006, November 7, 2007), which addresses a seeming anomaly related to the tax code. The anomaly is corporate dissolution without liquidation. In the ruling, a corporate taxpayer had been incorporated in a state on a particular date, letâs say January 19, 2007.