Pub. 8 2013-2014 Issue 4

www.nebankers.org 14 Extraordinary Service for Extraordinary Members.  Proposition — continued gain, if such hypothetical transaction terminates or substan- tially reduces the shareholder’s interest in the corporation. 15 Otherwise, the boot would be treated as a distribution. Proceed With Caution Although the Section 382 loss limitations and the treat- ment of boot are two of the most common tax issues banks and financial institutions encounter in merger transactions, they are certainly not the only tax considerations. The ability for a full tax analysis is important not only for tax payments and cash flows, but also—through deferred tax assets and li- abilities on the balance sheet—may impact the value of banks and financial institutions as well. While taxation should not be the driving economic force when deciding on a merger or acquisition, the best path is to involve attorneys and accoun- tants with specific expertise in these areas to help navigate the complicated waters of merger and acquisition tax issues.  Jason Maus is an associate in Husch Blackwell’s Financial Services industry group and concentrates his practice in Tax Credits – Banking and Finance. You may contact him at (402) 964-5141 or jason.maus@huschblackwell.com . “Do I have to buy health insurance?” The new health care law requires most Americans to have health insurance in 2014 or face a penalty. We’ll help you navigate the new health care law and make smart choices for you and your family. Call or visit us online at the Blue Store. It’s time to find what you need. We’ve got your back. BlueCrossandBlueShieldofNebraska isan independent licenseeof theBlueCrossandBlueShieldAssociation. 888.926.2583 nebraskablue.com 15 Section 356.