QUESTION 1:

Review the posted Intuit Proxy Statement or the Intuit-Credit Karma Agree-ment and Plan of Merger (or both). You will see statement(s) indicating that the parties intended that the acquisition of Credit Karma by Intuit was to constitute a reorganization within the meaning of Section 368(a) of the Code.

But there are three common forms of acquisitive reorganizations in 368(a)

• A reorganizations ( 368(a)(1)(A)),
• B reorganizations ( 368(a)(1)(B)), and
• C reorganizations ( 368(a)(1)(C)).

All three of these acquisitive transactional forms are often (if loosely) referred to as mergers. But exactly which was the Intuit-Credit Karma deal intended to qualify as? And how do we know? Explain in 2-3 sentences.

QUESTION 2

the subject merger does satisfy the continuity of interest test applicable to acquisitive reorganizations.

Support your conclusion with 2-3 sentences of explanation.