Source: http://intltax.typepad.com/intltax_blog/corporate-reorgs/page/2/
Timestamp: 2018-05-26 19:41:13
Document Index: 222994781

Matched Legal Cases: ['§2501', '§1504', '§1', '§1', '§368', '§368', '§355', '§301', '§367', '§301', '§754', '§1', '§1', '§1', '§ 368', '§ 368']

International Tax Blog: 368 Corporate Reorgs
New and Interesting International Tax Issues
International PLRs for the 50th week of 2012
Last week the IRS published the following Private Letter Rulings relating to international taxation. PLR 201250001 - A nonresident alien (“NRA”) who was an income beneficiary of trusts created by her father proposed to release her income interests to the remainder beneficiaries (her descendants). The NRA’s income interests in the trusts constituted intangible property (within the meaning of Code §2501(a)(2)), not tangible or real property. Consequently, the transfer was not subject to U.S. gift tax.... Read more →
Posted on December 20, 2012 in 368 Corporate Reorgs, 2501 Gifts, 7701-3 Check-the-Box Elections, Authority - PLRs / CCAs, Form 8832 | Permalink
International PLRs of the 48th week of 2012
This week the IRS published the following Private Letter Rulings relating to international taxation. PLR 201248002 - Granted request to revoke a Code §1504(d) election to treat a contiguous country corporation as a domestic corporation. The revocation was treated as an outbound F reorganization, with a termination of the year under Treas. Reg. §1.367(a)-1T(e) and deemed exchanges under Treas. Reg. §1.367(a)-1T(f). Although the ruling provided that the transaction would be "tax free" under Code §368(a)(1)(F),... Read more →
Posted on November 30, 2012 in 368 Corporate Reorgs, 1291 PFICs, 1504(d) Election to Treat Fgn. Sub. as U.S. Co., 7701-3 Check-the-Box Elections, Authority - PLRs / CCAs, Form 8621, Form 8832 | Permalink
International PLRs of the 38th, 39th & 40th weeks of 2012
Several weeks ago the IRS published the following Private Letter Rulings and Chief Counsel Advice relating to international taxation. PLR 201238005 - Late Canadian registered retirement savings plan ("RRSP") deferral election. Form 8891. Rev. Proc. 2002-23. PLR 201239003 - Code §368(a) reorganizations involving foreign subsidiaries. PLR 201239005 - Late Canadian registered retirement savings plan ("RRSP") deferral election. Form 8891. Rev. Proc. 2002-23. PLR 201240017 - Code §355 spin-offs involving foreign corporations with foreign parent company.... Read more →
Posted on November 03, 2012 in 355 Spin-Offs, 368 Corporate Reorgs, 951 Subpart F Income, Authority - PLRs / CCAs, Country - Canada, Form 8891, Other - Other | Permalink
International PLR of the 33rd week of 2012
Last week the IRS published the following Private Letter Ruling relating to international taxation for the 33rd week of 2012. PLR 201233016 - Spin-off and reorganizations of controlled foreign corporations. Read more →
Posted on August 25, 2012 in 355 Spin-Offs, 368 Corporate Reorgs, Authority - PLRs / CCAs | Permalink
International PLRs of the 32nd week of 2012
Recently the IRS published the following Private Letter Rulings relating to international taxation for the 32nd week of 2012. PLR 201232010 - Late entity classification election for a foreign entity to be treated as a disregarded entity. Form 8832. Treas. Reg. §301.7701-3(c). PLR 201232014 - Spin-off, including whether gain is recognized under Code §367(a) as part of a reorganization. PLR 201232025 - Late Canadian registered retirement savings plan ("RRSP") deferral election. Form 8891. Rev. Proc.... Read more →
Posted on August 25, 2012 in 355 Spin-Offs, 368 Corporate Reorgs, 7701-3 Check-the-Box Elections, Authority - PLRs / CCAs, Country - Canada, Form 8832, Form 8891 | Permalink
International PLRs of the 29th week of 2012
Last week the IRS published the following Private Letter Rulings relating to international taxation for the 29th week of 2012. PLR 201229002 - Spin-off by a controlled foreign corporation followed by reorganizations. PLR 201229006 - Late entity classification election for a foreign entity to be treated as a partnership. Form 8832. Treas. Reg. §301.7701-3(c). PLR 201229009 - Late relief for a foreign entity treated as a partnership to make a Code §754 election. Read more →
Posted on July 21, 2012 in 355 Spin-Offs, 368 Corporate Reorgs, 7701-3 Check-the-Box Elections, Authority - PLRs / CCAs, Form 8832 | Permalink
International PLRs of the 28th week of 2012
Several weeks ago the IRS published the following Private Letter Rulings and Chief Counsel Advice relating to international taxation for the 28th week of 2012. There were no international related Private Letter Rulings for the 27th week of 2012. PLR 201228013 - Taxpayer is a resident alien and will become a nonresident alien, and then again a resident alien. Taxpayer’s unused net operating losses that were generated while he was taxed as a U.S. resident,... Read more →
Posted on July 21, 2012 in 355 Spin-Offs, 368 Corporate Reorgs, 951 Subpart F Income, 1291 PFICs, 7701(b) Individual Residency, 7701-3 Check-the-Box Elections, Authority - PLRs / CCAs, Form 8832, Other - Other | Permalink
International PLRs of the 20th week of 2012
The IRS published the following Private Letter Rulings relating to international taxation for the 20th week of 2012. PLR 201220006: Late/retroactive passive foreign investment company ("PFIC") qualified electing fund ("QEF") election. Form 8621. Treas. Reg. §1.1295-3(f). PLR 201220009: Complex reorganization and redemption of shares between foreign corporations. PLR 201220010: Complex reorganization of foreign corporations. PLR 201220014: Late Canadian registered retirement savings plan ("RRSP") deferral election. Form 8891. Rev. Proc. 2002-23. PLR 201220017: Extension of time... Read more →
Posted on June 11, 2012 in 338 Elections, 368 Corporate Reorgs, 1291 PFICs, 2056A QDOTs, Authority - PLRs / CCAs, Country - Canada, Form 8621, Form 8891 | Permalink
All Cash D Reorganization Video - Example 16, Loss of Basis
Last week we published a video of Example 15 of Temp. Treas. Reg. §1.358-2T(c). Today we published a video of Example 16 of the same regulation. This example shows how basis can be lost in an all cash D reorganization. The video also shows how to avoid the loss of basis. Read more →
Posted on May 09, 2012 in 368 Corporate Reorgs, Other - Videos | Permalink
All Cash D Reorganization Video
Today we uploaded a video of the all cash D reorganization in Example 15 of Treas. Reg. §1.358-2T(c). Read more →
Posted on May 02, 2012 in 368 Corporate Reorgs, Other - Videos | Permalink
B Reorganization Video
Today we uploaded a video demonstrating a section 368(a)(1)(B) reorganization. http://youtu.be/ibMhwzLV2BY Read more →
Posted on March 24, 2012 in 368 Corporate Reorgs, Other - Videos | Permalink
Famous Tax Quote #23 - Motives Immaterial in a Code § 368(a)(1)(D) Reorganization
Continuing our series on Famous Tax Quotes, (quotes from court opinions with language that is colorful or that concisely states an important tax principle), today's tax quote is: The motives of the stockholders are immaterial if there has been, in fact, a reorganization. Lesser v. Commissioner, 26 T. C. 306 (1956) Read more →
Posted on May 16, 2010 in 368 Corporate Reorgs, Other - Famous Tax Quotes | Permalink
Famous Tax Quote #22 - Redemption as a Step in a Reorganization
Famous Tax Quotes includes quotations from court opinions with language that is colorful or that concisely states an important tax principle. Readers are encouraged to send suggestions for upcoming Famous Tax Quotes. Continuing our series on Famous Tax Quotes, today's Famous Tax Quote is: Where a redemption of stock is one of a series of steps in a reorganization, the tax treatment is governed by the provisions of law relating to reorganizations. Grubbs v. Commissioner,... Read more →
Posted on May 11, 2010 in 368 Corporate Reorgs, Other - Famous Tax Quotes | Permalink
Cash D Reorganizations & the Meaningless Gesture Doctrine
On December 17, 2009, the I.R.S. and the Treasury Department issued final regulations (Treasury Decision 9475) dealing with “cash D” reorganizations. In drafting the regulations, the IRS and Treasury Department analyzed whether the “meaningless gesture doctrine” is inconsistent with the distribution requirement in Code §§ 368(a)(1)(D) and 354(b)(1)(B), especially in situations in which the cash consideration received equals the full fair market value of the property transferred. In this circumstance, the regulations adopt a rule... Read more →
Posted on February 11, 2010 in 368 Corporate Reorgs, Authority - Treasury Decisions | Permalink
I.R.S. Shuts Down Another Repatriation Technique
On June 23, 2008, the IRS and the Treasury Department published Treasury Decision 9402 which includes new regulations under section 956. The government has stated that it is aware that certain taxpayers are engaging in certain nonrecognition transactions in which a controlled foreign corporation (CFC) acquires certain United States property (within the meaning of section 956(c)) without resulting in an income inclusion to the United States shareholders of the CFC under section 951(a)(1)(B). In one... Read more →
Posted on August 08, 2008 in 368 Corporate Reorgs, 956 Investments in U.S. Property | Permalink
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