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IRS Resumes Issuing Private-Letter Rulings Concerning Tax-Free Spin-Offs

On Behalf of | Oct 10, 2017 | IRS |

Pursuant to IRS Revenue Procedure 2017-52, the IRS has introduced a pilot program to resume offering private letter rulings on the tax consequences of certain distributions of stock or securities of a controlled corporation under I.R.C. Sec. 355. From September 21, 2017, through March 21, 2019, taxpayers may request a transactional ruling concerning plans to create tax-free spin-offs. For more information, click here.

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