1. What are the disadvantages of effecting a change in the basis of all of the firm’s assets either by their sale, followed by a complete liquidation, or by a stock purchase, along with an election to...

1. What are the disadvantages of effecting a change in the basis of all of the firm’s assets either by their sale, followed by a complete liquidation, or by a stock purchase, along with an election to treat the stock purchase as a purchase of all the firm’s assets followed by a liquidation?

2. What are the main tax considerations in the sale of a target’s stock to a purchaser?

3. What types of transactions generate tax-deductible goodwill? How many acquisitions of freestanding C corporations, as a general rule, give rise to tax-deductible goodwill?