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
A bill (NJ A-5564) introduced in the New Jersey Senate and Assembly would amend the state’s Law Aga...
Read More >
Under the current U.S. Department of Labor (DOL) regulations, if certain conditions are met, an empl...
Read More >
A new guidance letter from the Occupational Safety and Health Administration (OSHA) states it is leg...
Read More >
On February 6, 2020, the U.S. Court of Appeals for the Third Circuit vacated U.S. District Judge Mit...
Read More >
On October 11, 2019, a federal judge for the U.S. District Court for the Western District of Washing...
Read More >
With the Trump Administration’s increase in employer immigration enforcement, businesses of all siz...
Read More >