Written by Finance's Legal Affairs Division, letter rulings are written statements that set forth the applicability of the statutes and rules to a specific set of facts, and are provided in redacted form to protect taxpayer-specific information.
Transfer of shares in a taxicab corporation by a wife to a husband pursuant to a separation agreement is subject to tax based on 100% of the fair market value of the shares whether or not the shares constitute marital property. #00-4768. 12/5/2000
Consideration for the transfer of stock in a corporation that holds a taxicab license does not include debt that is not canceled or discharged. #99-4755. 12/1999