Tammy and Barry formed Pheasant Corporation several years ago in a ζritical Thinking transaction that quali自ed under§ 351. Both shareholders serve as officers and on the board of directors of Pheasant. In the current year, Pheasant Corporation redeemed all of Barry’s shares in the corporation with a property distribution. What are the tax issues for Barry and Pheasant?

The Pheasnt Corporation is subject to special tax treatment, including securities, financial institution, tax exempt entities.  

In view of the varying nature of such tax consequences, each stockholder is urged to consult his, her or its can tax advisor as to the specific tax consequences of a redemption including the applicability of federal state local and foreign tax Laws.  

The redemption of shares will be treated as a sale or exchange hence in the given case the Pheasant Corporation will be imposed the of capital gain on sale of shares.

Explanation:

d. to get countries or companies to stop doing something objectionable.

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.