Alston & Bird Tax Blog

Federal Tax ADVISORY: Buying Assets

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This advisory discusses the buying and selling of businesses—the most common corporate transaction with tax consequences, and argues that buyers should not be unduly wary of asset acquisitions.

The full advisory is provided on the Alston & Bird website: www.alston.com/advisories/federal-tax-buying-assets/ 

Written by Jack Cummings, Partner, Tax | Alston & Bird LLP

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About Jasper L. (Jack) Cummings, Jr.

Jack Cummings is counsel in the Federal Tax Group of Alston & Bird in Raleigh and Washington, D.C. He served as IRS associate chief counsel (corporate) and chair of the Corporate Tax Committee of the ABA Section of Taxation.

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About Edward Tanenbaum

Edward Tanenbaum is co-chair of the firm’s Federal & International Tax Group and a member of the firm’s Global Resources & Strategies Committee. Mr. Tanenbaum’s practice consists primarily of planning and structuring tax efficient solutions for cross-border business transactions and investments by foreign multinational corporations and high-net-worth individuals.

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