Internal Revenue Service April 1, 2019 – Federal Register Recent Federal Regulation Documents

Corporate Reorganizations; Guidance on the Measurement of Continuity of Interest
Document Number: 2019-06159
Type: Proposed Rule
Date: 2019-04-01
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document withdraws a notice of proposed rulemaking that would have provided guidance on how to determine whether certain transactions satisfy the continuity of interest (COI) requirement under Sec. 1.368-1(e), applicable to certain corporate reorganizations described in section 368 of the Internal Revenue Code of 1986 (Code). The proposed regulations being withdrawn would have affected corporations and their shareholders.