Chart of Rev. Rul. 71-336 - Corporation as Conduit for Exchange of Stock a Taxable Transaction

Below is a chart of Rev. Rul. 71-336 in which the I.R.S. held that a corporation was merely a conduit in a prearranged plan of exchange of stock between shareholders.  As a result, the transaction was taxable. 

The chart can be viewed as a PDF file here: Rev. Rul. 71-336