The IRS has introduced a pilot program expanding the scope of letter rulings to include, for a period of time, rulings on the tax consequences of Code Sec. 355 distributions. Additionally, this guidance provides instructions for taxpayers requesting these rulings and clarifies procedures for taxpayers requesting rulings on significant issues relating to these transactions. Section 355 Transactions […]
The post IRS Pilot Program Expands the Scope of Letter Rulings for Section 355 Transactions (Rev. Proc. 2017-52) appeared first on Tax & Accounting Blog.