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.
From Wikipedia, the free encyclopedia. In Sociology, master status is the social position that is the primary identifying characteristic of an individual. It is defined as a status that has exceptional importance for social identity, often shaping a person's entire life.. The master status is often the most important architecture of individual identity. Common characteristics are those of race or ethnicity, sex, sexual orientation, physical ability, age, economic standing, religion or spirituality, and education.