The decisions made in issuing corporate stock in a tax-free exchange can have important federal gift tax implications, depending upon how the stock is issued. Especially for transfers involving related transferors, the gift tax consequences can be substantial.



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.