IRS Prop. Reg.: Withdrawal of Notice of Proposed Rule Making Relating to Corporate Separations, Incorporations, Reorganizations Qualifying for Nonrecognition of Gain or Loss

The IRS has released a notice regarding the withdrawal of notice of proposed rulemaking for proposed regulations relating to corporate separations, incorporations, and reorganizations qualifying, in whole or in part, for nonrecognition of gain or loss. The notice also includes the withdrawal of notice of proposed rulemaking for proposed regulations that would have required multi-year tax reporting for corporate separations and related transactions. [REG-112261-24; REG-116085-23, RIN 1545-BR32; 1545-BR00, 26 CFR Part 1 (Sept. 29, 2025)]