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When was BASIS International created?
BASIS International was created in 1985.
How do you compute the cost basis for the Altria spin off of Kraft?
You must allocate the basis, or tax cost, between the shares of Altria and those of the spun-off Kraft. There are 2 information sources to help investors/taxpayers make this calculation. On the IRS Web site (irs.gov) look at Publication 550 (Investment Income and Expenses). It discusses corporate reorganizations. The Altria official website (see Related Links) discusses the spinoff in detail and includes information about how to calculate the basis of those shares. * First, lets look at how the Kraft stock was spun-off. For every share of Altria, shareholders were awarded .692024 shares of Kraft. * Second, you need to calculate the relative fair market values at the time you received the Kraft shares in order to allocate the basis. You should use the April 2nd (the day after the distribution) closing market price. Using the $68.22 closing price of Altria and $30.85 closing price of Kraft making the combined value of the two new companies $99.07. Using the above information we can calculate the following: ---- Example using 100 shares of the original Altria New Altria Shares 100 x 68.22 (4/2/07 closing price) = $6,822.00 New Altria percentage of total fair market value $6,822.00/$8,956.89 = 76.16% ---- New Kraft Shares 69.2024 x 30.85 (4/2/07 closing price) = $2,134.89 New Kraft percentage of total fair market value $2,134.89/$8,956.89 = 23.84% ---- Now to determine your personal cost basis for the new Kraft shares simply multiply the total cost of your original Altria purchase by 23.84% Note: In a spin-off situation, you should always receive info from the divesting corporation with instructions on how to allocate basis between the new and old stocks. Hold onto that until the limitations period expires for the year in which you sell or otherwise dispose of the stock in a taxable manner. This is typically three years from the date the return was filed or due. The link to the Altria Group Shareholder Tax Basis Information can be found in Related Links and should be printed and returned with your 2007 federal income tax return.
How do Morris Plan loans work?
Morris Plan loans are made on a monthly repayment basis, with the first month's installment deducted from the face value of the loan and the remaining balance
What is the basis of international business?
The basis of international business is that a nation is able to import a good or service at a lower cost than if it were produced domestically. This is known as specialization and exchange.
The most concrete source or basis of international law is?
treaties
What do you mean by SOS basis?
The letters SOS in Morse code mean HELP.'SOS' is the Morse code international distress signal. 'We require the material on an SOS basis...' means on 'an emergency basis...'.On the other hand, sos is a medical abbreviation that means "as needed," which would give an answer almost opposite to the original answer. Ah, the hazards of abbreviations!
How many sets in a volleyball game?
international games: 4 sets 25 points basis 5 sets if a draw. 5th sets will be on 15 point basis the other 4 sets 25points basis
What is the economic basis for international business?
Business activities that involve exchanges across national boundaries
What are the different types markets on the basis of time?
local markets,,regional markets,,national markets,international markets,
What is Nature origins and basis of international law?
International law began during the renaissance in Europe. International law is not universal, however, because although many western countries enacted international law, many East Asian countries still believed in the supremacy of the emperor.
How can one apply to The International Academy of Design?
An application for the autumn session at the International Academy of Design can be made via the web site of the National Application Center. Applications are taken on an ongoing basis.
What areas does Egypt Airlines fly to?
The Egypt Airline is typically scheduled on a daily basis to fly from the United States, Los Angeles International Airport and disembark at Egypt, Cairo International Airport.
