The US Treasury Department and the Internal Revenue Service on Wednesday announced that proposed regulations had been issued regarding the circumstances in which an insolvent corporation may engage in a tax-free reorganization.
The regulations generally provide that a transaction can qualify as a tax-free asset reorganization only if the target corporation transfers property with net value to the acquiring corporation.
Similar rules for tax-free stock reorganizations, tax-free liquidations, and tax-free incorporations are also outlined in the new rules.
Comments are invited on the proposed regulations for a 90 day period following their publication in the federal register.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment