Statement regarding the Section 351 tax free transfer

Let's see if this works:

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STATEMENT S401: Transferee’s Section 351 Statement

Transferee Corporation’s Information Statement Filed in

Accordance with Reg. 1.351-3(b)a

Transferee Name

Transferee ID No.

The transfer of assets took place on [Date(s)] .

.

1. Property received from transferors:

Transferor Aggregate Transferor’s

Cost or

Adjusted Basis Aggregate FMV

Name Taxpayer ID No.

#1 $ $

#2

2. The date and control number of any private letter ruling(s) issued by the IRS in connection with the exchange are [Date(s)] and [Control Number(s)] .

Note:

a See Treasury Decision (TD) 9264, dated May 26, 2006.

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STATEMENT S402: Transferor’s Section 351 Statement

Significanta Transferor’s Information Statement Filed in Accordance

with Reg. 1.351-3(a)b

Transferor Name

Transferor ID No.

Transferee Name

Transferee ID No.

The assets were transferred on [Date(s)] .

1. Property transferred by the taxpayer to the transferee corporation:

Aggregate Basis Aggregate Fair Market Value

$ $

2. The date and control number of any private letter ruling(s) issued by the IRS in connection with the exchange are [Date(s)] and [Control Number(s)] .

Notes:

a A significant transferor means a person that owned at least 5% of a publicly traded corporation or at least 1% of a nonpublicly traded corporation immediately after the Section 351 exchange. If a significant transferor is a controlled foreign corporation (CFC) under IRC Sec. 957, each U.S. shareholder [within the meaning of IRC Sec. 951(b)] of the CFC must include this statement on or with its return.

b See Treasury Decision (TD) 9264, dated May 26, 2006.

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So-so. Maybe you can unravel the formatting.