MEWDS (Multiple Evanescent White Dot Syndrome) is a rare, unilateral, self-limiting inflammatory disease that afflicts young women more than men in a 4:1 ratio. Despite the lack of treatment, the prognosis is excellent. Our patient is the typical age and gender.
To qualify for sale or exchange treatment, a stock redemption generally must result in a substantial reduction in a shareholderâs ownership interest in the corporation.In the absence of this reduction in ownership interest, the redemption proceeds are taxed as dividend income. The former shareholder has no interest, other than that of a creditor, in the corporation for at least 10 years after the redemption (including an interest as an officer, director, or employee).
The Temporary Regulations generally retain the deemed redemption rule set forth in the May Company Regulations. The Temporary Regulations apply to a transaction or a series of transactions that have the effect of an exchange by a corporate partner of its interest in appreciated property for an interest in the stock of the corporate partner that is owned, acquired or distributed by the partnership (a Â§337(d) Transaction).