CCH Tax Day Report The IRS has provided guidance regarding certain “north-south” transactions that occur in connection with the division of a corporation. The guidance describes one transaction in which the distribution of a controlled corporation’s stock is respected as a separate transaction, and another in which the distribution in integrated with a previous distribution […]
The post IRS Illustrates Separate and Integrated North-South Transactions in Corporate Divisions; Removes North-South Transactions from No-Ruling List (Rev. Rul. 2017-09) appeared first on Tax & Accounting Blog.