Today our sister website, Tax-Charts.com, published two new tax flowcharts. One flowchart, available for free, deals with nonqualified preferred stock (“NQPS”) under Code § 351(g). An earlier version of this flowchart was published on www.andrewmitchel.com several years ago. However, the logic of the flowchart was flawed and therefore the chart was taken down. We believe that the new chart is accurate, but, as stated on all of our flowcharts, the flowchart undoubtedly includes errors and omissions and should not be relied upon for any purpose whatsoever.
The second flowchart deals with the limitation on benefits clause in Article 16 of the Australia-U.S. Income Tax Treaty. This chart is available here.