An anomaly described in a recent IRS ruling says there is a big, but subtle, difference. Robert Willens, CFO.com | US. February 20, 2008. 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.
a person with the ability or power to use, control, or dispose of something: a master of six languages; to be master of one's fate. 2. an owner of a slave, animal, etc. 3. an employer of workers or servants. 4. the male head of a household.
Structure of the U.S. Education System: Masterâs Degrees. The masterâs degree is the first graduate-level qualification, or second cycle degree, in the U.S. higher education system. Masterâs degrees may be considered terminal professional degrees in some fields, such as the fine arts, or they may be considered as second degrees that may or may not lead to PhD studies.