This Month's Features:
- Recent PLR allows section 351 treatment despite prearranged stock transfer (PLR 201133006)
- Final section 381 regulations address accounting methods (T.D. 9534)
- Spin-off ruled tax-free even though section 355(b)(2)(D) may not have been satisfied (PLR 201133003)
- Section 355 monetization transaction (PLR 201132009)
- Controlled, rather than Distributing, deemed to borrow funds in a D/355 spin-off (PLR 201132010)
- Check-the-box election converting a corporation to a partnership triggers a section 165(g) deduction (AM2011-003)
- Dual consolidated loss allowed to offset taxable income in the current year (AM2011-002)
- RBIL in excess of the section 382 limitation disallowed for purposes of section 382(h)(4) (ILM 201132022)
