{"abstract":"This document contains proposed regulations regarding certain matters relating to corporate separations, incorporations, and reorganizations qualifying, in whole or in part, for nonrecognition of gain or loss. These matters include distributions and retentions of controlled corporation stock, assumptions of liabilities by controlled corporations, exchanges of property between distributing corporations and controlled corporations, and distributions and transfers of consideration to distributing corporation shareholders and creditors. The proposed regulations would affect corporations and their shareholders and security holders. Proposed regulations modifying the reporting requirements for corporate separations are published elsewhere in the Proposed Rules section of this issue of the Federal Register.","action":"Notice of proposed rulemaking.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2025/01/16/2025-00321.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"1","title":26}],"citation":"90 FR 5220","comment_url":"http://www.regulations.gov/commenton/IRS-2025-0017-0001","comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Written or electronic comments and requests for a public hearing must be received by March 17, 2025.","disposition_notes":null,"docket_ids":["REG-112261-24"],"dockets":[{"supporting_documents":[],"agency_name":"IRS","documents":[{"comment_count":7,"comment_start_date":"2025-01-16","updated_at":"2025-07-22T01:56:17.841-04:00","comment_url":"https://www.regulations.gov/commenton/IRS-2025-0017-0001","allow_late_comments":true,"id":"IRS-2025-0017-0001","comment_end_date":"2025-03-18","regulations_dot_gov_open_for_comment":true}],"supporting_documents_count":0,"id":"IRS-2025-0017","title":"Guidance Regarding Certain Matters Relating to Nonrecognition of Gain or Loss in Corporate Separations, Incorporations, and Reorganizations (REG-112261-24)"}],"document_number":"2025-00321","effective_on":null,"end_page":5295,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2025/01/16/2025-00321.xml","html_url":"https://www.federalregister.gov/documents/2025/01/16/2025-00321/guidance-regarding-certain-matters-relating-to-nonrecognition-of-gain-or-loss-in-corporate","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2025-00321?publication_date=2025-01-16","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2025-01-16/2025-00321/mods.xml","not_received_for_publication":null,"page_length":76,"page_views":{"count":3227,"last_updated":"2026-07-27 02:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-01-16/pdf/2025-00321.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-00321.pdf?1736802922","publication_date":"2025-01-16","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2025/01/16/2025-00321.txt","regulation_id_number_info":{"1545-BR32":{"issue":"202504","html_url":"https://www.federalregister.gov/regulations/1545-BR32/guidance-regarding-certain-matters-relating-to-corporate-separations-incorporations-and-reorganizati","title":"Guidance Regarding Certain Matters Relating to Corporate Separations, Incorporations, and Reorganizations","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202504&RIN=1545-BR32&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1545-BR32"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BR32/guidance-regarding-certain-matters-relating-to-corporate-separations-incorporations-and-reorganizati","title":"Guidance Regarding Certain Matters Relating to Corporate Separations, Incorporations, and Reorganizations"},"comments_count":7,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2025-0017","supporting_documents_count":0,"docket_id":"IRS-2025-0017","document_id":"IRS-2025-0017-0001","regulation_id_number":"1545-BR32","title":"Guidance Regarding Certain Matters Relating to Nonrecognition of Gain or Loss in Corporate Separations, Incorporations, and Reorganizations (REG-112261-24)","checked_regulationsdotgov_at":"2025-07-23T08:55:03Z"},"regulations_dot_gov_url":"http://www.regulations.gov/commenton/IRS-2025-0017-0001","significant":false,"signing_date":null,"start_page":5220,"subtype":null,"title":"Guidance Regarding Certain Matters Relating to Nonrecognition of Gain or Loss in Corporate Separations, Incorporations, and Reorganizations","toc_doc":"Nonrecognition of Gain or Loss in Corporate Separations, Incorporations, and Reorganizations","toc_subject":null,"topics":["Income taxes","Reporting and recordkeeping requirements"],"type":"Proposed Rule","volume":90}