22 January 2025

Tax M&A Update for December 2024

Tax M&A Update is a monthly newsletter that provides a summary of developments in the marketplace, leading technical developments, and other thought leadership notes in the area of mergers and acquisitions (M&A) taxation and general corporate taxation. Highlights of this edition include:

— Consolidated housekeeping and stock basis adjustments for deductible liabilities;

— Step transaction invoked for corporate sale two years following incorporation; and

— IRS revokes 15-year-old FIRPTA PLR.

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Attachment

Tax M&A Update

Document ID: 2025-0296