Question: 1A. Please discuss whether the boot in gain rule found in Section 356(a)(2) is a favorable rule to the taxpayers and, if so, why. 1B.

1A. Please discuss whether the "boot in gain rule" found in Section 356(a)(2) is a favorable rule to the taxpayers and, if so, why.

1B. Please discuss the possible reasons for the continuity of business enterprise (COBE) requirement for Sec. 382.

1C. Please discuss some advantages as well as disadvantages of an S CORPORATIONS.

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