This technical note outlines the general judicial requirements an acquisition must meet to qualify as a tax-deferred reorganization. The variation in the specific requirements that must be met to qualify for different types of tax-deferred (“A,” Forward Triangular “A,” Reverse Triangular “A,” “B,” and “C”) reorganizations are addressed. Finally, the specific tax consequences to the target’s shareholders and acquirer are outlined, and a numerical example illustrates the calculation of the after-tax proceeds to the target’s shareholders and the after-tax cost to the acquirer.