which company is responsible for historical taxes of a spinco?
Communications Corporation (âFrontierâ) as a result of the spin-off and subsequent merger of. the New Communications Holdings Inc. (âSpincoâ) into Frontier are required to allocate their. aggregate tax basis in their Verizon shares between the Verizon shares and the Spinco/Frontier. shares that they received in the spin-off / merger in proportion to the relative fair market values. of their Verizon and Frontier shares (including any cash received in lieu of fractional shares of.