Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Saturday, May 25, 2024 | Back issues
Courthouse News Service Courthouse News Service

Business Reorganizations

WASHINGTON (CN) - The Internal Revenue Service has expanded the ways in which business assets and stock may be transferred without triggering tax consequences.

Business reorganizations are tax free, but businesses that have been bought or sold are not. The new IRS regulations have expanded the definition of "qualified group" to enable businesses that have a more tenuous connection with each other than before allowed, to exchange financial interests without tax consequences, if the reorganization has preserved the "link" between shareholders and business assets. Click here for details and other new regulations.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.