Corporations contemplating a spin-off, split-off, or other similar move may want to understand the details governing these types of reorganizations before finalizing any decisions. The new guidance on the active trade or business requirement introduces a number of significant changes, and an understanding of these rules can help avoid unexpected difficulties.

Learn more on the subject from the full article “Section 355 Spin-Off – Active Trade or Business,” attached in PDF format at the bottom of this page. 

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