Non-Applicability of Section 357(c) to Consolidated Groups

Rule · 2026-10-16 · US · Treasury Department, Internal Revenue Service

This document contains final regulations clarifying that, in the case of certain transfers between members of a consolidated group, a transferee's assumption of certain liabilities will not reduce the transferor's basis in the transferee's stock received in the transfer. These final regulations affect consolidated groups and their members.

official document · source federal-register · id 2026-21253