Final regulations: Guidance under section 367(b) relating to certain triangular reorganizations and inbound nonrecognition transactions

Type
:
Obligation
Tax Area
:
Corporate Income Tax
Status
:
Guidance
Qualification
:
Various
Implemented date
:
NA
Country
:
United States
Date added
1 Jul
,
2024
Docxster’s Summary

The final regulations and guidance under Section 367(b) provide rules for certain triangular reorganizations and inbound nonrecognition transactions. The regulations provide guidance on the treatment of property transferred to a foreign corporation in a triangular reorganization, as well as the treatment of certain inbound nonrecognition transactions. The guidance also includes rules for determining the tax consequences of these transactions for both the transferor and the transferee.

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Corem ipsum dolor sit amet, consectetur adipiscing elit. Nunc vulputate libero et velit interdum, ac aliquet odio mattis. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Curabitur tempus urna at turpis condimentum lobortis. Ut commodo efficitur neque. Ut diam quam, semper iaculis condimentum ac, vestibulum eu nisl.Corem ipsum dolor sit amet, consectetur adipiscing elit. Nunc vulputate libero et velit interdum, ac aliquet odio mattis. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Curabitur tempus urna at turpis condimentum lobortis. Ut commodo efficitur neque. Ut diam quam, semper iaculis condimentum ac.

Source :
KPMG
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