The Internal Revenue Service plans to loosen proposed regulations for corporate separation transactions, known as spinoffs, that the agency approves as tax-free ahead of time, in part by eliminating a standard considering whether actions are taken in the ordinary course of business, officials said Friday.
IRS To Loosen Tax-Free Spinoff Regs, Cut Ordinary Biz Rule
by usoftax_admin | May 9, 2025 | Tax News