taxnews.ey.comPrint

29 September 2025

Treasury and IRS withdraw proposed regulations on nonrecognition treatment in spin-offs and other corporate transactions and multi-year filing requirement for spin-offs

The IRS and Treasury Department on September 29, 2025, withdrew (REG-112261-24) proposed regulations under IRC Sections 355, 357, 361 and 368 on the nonrecognition of gain or loss on corporate separations, incorporations and reorganizations, and accompanying multi-year reporting requirements for spin-offs (see Tax Alert 2025-0408). A Tax Alert is forthcoming.

Published by NTD’s Tax Technical Knowledge Services group; Chris DeZinno, legal editor

Document ID: 2025-1952

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2025, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement