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IRC 355: Understanding the Basics of a Tax-Free Spin-off

IRC 355: Understanding the Basics of a Tax-Free Spin-off

Michael Tighe
Associate Director
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  • Publication Company: Pennsylvania CPA Journal
  • Publication Author: Michael Tighe
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IRC 355: Understanding Basics, Tax-Free Spin-off
One exception where a corporation is permitted to distribute appreciated property to its shareholders in a tax-free manner is via qualified spin-off under IRC 355.

Provided a series of requirements are met, Section 355 can be an excellent option for corporations and their shareholders who are looking to restructure by providing a vehicle to do so tax-free in a type of transaction that otherwise would have created a taxable event. Read this article to learn more.

Authors: Bill Ruffner, CPA and Mike Tighe, CPA of Global Tax Management in PA CPA Journal

About The Author(s)

Michael Tighe
Associate Director
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Mike is an Associate Director in GTM's  lead practice based out of the firm's corporate headquarters in Wayne, PA. His broad range of experience providing...