This Month’s Features:
- IRS makes significant changes in applying section 367(d) to outbound asset reorganizations (Notice 2012-39)
- Monetizing spin-off in connection with reverse Morris Trust transaction (PLR 201228033)
- IRS accepts crossing consideration representation outside of a spin-off transaction (PLR 201229002)
- Section 338(h)(10) election available and section 197(f) anti-churning rules held not to apply to multi-step transaction (PLR 201228011)
- Penny warrants treated as stock in spin-off (PLR 201223008)
- Cooperative's patronage dividend deduction deferred under section 267(f) (CCA 201228035)
