In a spinoff, a public company separates one or more of its businesses into a new, publicly traded company. For the public company that initiates it, a spinoff can achieve a number of critical business and financial...more
The new guidance is significant given the popularity of debt exchanges as a monetization technique in conjunction with spin-offs.
On October 3, 2018, the Internal Revenue Service (IRS) published Revenue Procedure 2018-53,...more
The IRS is considering future guidance that could present opportunities for R&D phase businesses.
In a statement issued on September 25, 2018, the Internal Revenue Service (IRS) announced that it is studying the active...more
Treasury and IRS announce that certain “cash rich” and REIT/RIC conversion spin-offs are under study and are added to the “no rule” list.
On September 14, 2015, the United States Treasury Department (the Treasury) and...more