Department of Treasury July 15, 2016 – Federal Register Recent Federal Regulation Documents

Guidance Under Section 355 Concerning Device and Active Trade or Business
Document Number: 2016-16512
Type: Proposed Rule
Date: 2016-07-15
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains proposed regulations under section 355 of the Internal Revenue Code (Code). The proposed regulations would clarify the application of the device prohibition and the active business requirement of section 355. The proposed regulations would affect corporations that distribute the stock of controlled corporations, their shareholders, and their security holders.