30Jan
Mere Change?—“F” Reorganization Qualifies in Spite of Change in Plan
Former British Prime Minister Winston Churchill once said, “Plans are of little importance, but planning is essential.” Perhaps that quote is a tad strong to apply generally to corporate reorganizations under Section 368 of the Internal Revenue Code. Plans, after all, are very important—if not essential—in the context of corporate reorganizations. However, based on a recent Private Letter Ruling, the Internal Revenue Service (“IRS”) noted that the “plan of reorganization” requirement for an “F”...
By:
Freeman Law
Related
The IRS recently issued final regulations to standardize the administration of hardship distribution...
Read More >
Although the federal government seems to have turned a blind eye to the legalization of the medical ...
Read More >
The end of the year brought many changes to the labor law. What’s new for employers? We present par...
Read More >
As a 401(k) plan sponsor, you need to know that plan errors happen all the time. A 401(k) plan has s...
Read More >
While most companies are adapting to the “new normal” that COVID-19 has forced upon us, there are ...
Read More >
Last year the Miami Beach City Commission passed a law requiring all hotels within the City of Miami...
Read More >