Mergers, acquisitions, and other corporate combinations (or simply, “M&As”) are a big part of the modern-day business world. They help businesses grow quickly and, if put to good use, positively impact the economy. From a business standpoint, they provide a way for parties from both sides to obtain valuable assets, both tangible and intangible. They also provide an opportunity for companies to achieve synergy (i.e., be more profitable as a single entity as compared to the individual combining parties). M&As could even be beneficial to smaller firms by giving them a chance to adopt business practices of larger, more established firms. These benefits are acknowledged by our Tax Code which grants an incentive to firms seeking to enter such transactions. Considering the intent of the law and the economic benefits M&As could bring, this incentive should be made easily available to taxpayers.