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Internal Revenue Bulletin:  2016-31 

August 1, 2016 



Proposed regulations under section 355 of the Internal Revenue Code would clarify the application of the device prohibition and the active business requirement of section 355. The proposed regulations would affect corporations that distribute the stock of controlled corporations, their shareholders, and their security holders.

Rev. Rul. 2016–18, page Rev. Rul. 2016–18s

Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 642, 1274, 1288, 7872, and other sections of the Code, tables set forth the rates for August 2016.

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