ICON Leasing Fund Twelve Liquidating Trust engages in the liquidation of the assets and liabilities of ICON Leasing Fund Twelve, LLC.These assets and liabilities were transferred to the trust subsequent to the dissolution of ICON Leasing Fund Twelve, LLC in December 2016.The tissue-marking tool may include an RF cutting tool and the marking step may include a step of coagulating or cauterizing a selected portion of the surface of the cut specimen with the RF cutting tool.Alternatively, the marking step may include a step of delivering dye onto selected portions of the surface of the cut specimen.
Integrated Wealth Management increased its position in shares of EMC by 3.5% in the second quarter.
If an LLC is taxed as a partnership, a distribution made to its members is generally tax free under IRC 731.
But you can't rely on this general rule in planning for either current or liquidating distributions - there are too many exceptions.
It's important to evaluate the tax consequences of every distribution.
If the distribution liquidates the member's entire interest in the LLC or is made when the LLC is wound up, the member receiving the distribution can recognize a loss for tax purposes under IRC 731(a)(2) if the distribution consists solely of money, unrealized receivables, and inventory and the amount distributed is less than the member's adjusted tax basis in his or her interest.