24 Mar 2025
📊Tax Regulation Updates on Nonrecognition of Gain in Corporate Reorganizations
Guidance Regarding Certain Matters Relating to Nonrecognition of Gain or Loss in Corporate Separations, Incorporations, and Reorganizations; Technical Correction
Summary
This document contains technical corrections to a notice of proposed rulemaking (REG-112261-24) that was published in the Federal Register on Thursday, January 16, 2025. REG-112261-24 contains proposed regulations regarding certain matters relating to corporate separations, incorporations, and reorganizations qualifying, in whole or in part, for nonrecognition of gain or loss.
Agencies
- Treasury Department
- Internal Revenue Service
Business Impact
$$ - Med
This document relates to tax regulations impacting corporate separations and reorganizations, allowing nonrecognition of gain or loss. Business owners should prepare for compliance with these updated IRS rules that directly affect corporate restructuring strategies.