/ January 2007 Volume 3 Number 5The New Parent F Reorganization (NPFR)by Alan S. Gassman and Kenneth J. Crotty 1 , Gassman, Bates & Associates, P.A., Clearwater, FL(New Parent F Reorganization is the name given by the authors to this powerful corporate tax tool that allows medical practices and other operating businesses to be divided into separate companies whereby valuable assets can be taken