Guidance Under Section 355 Concerning Device and Active Trade or Business…
October 21, 2026 6:11am
This document partially withdraws a notice of proposed rulemaking containing proposed regulations regarding the application of the device prohibition and the ac...
This document partially withdraws a notice of proposed rulemaking containing proposed regulations regarding the application of the device prohibition and the active trade or business requirement for distributions of controlled corporation stock (or stock and securities) by a distributing corporation without income, gain, or loss. The proposed regulations would affect corporations and their shareholders and security holders.
5-Second Takeaway
This document partially withdraws a notice of proposed rulemaking containing proposed regulations regarding the application of the device prohibition and the active trade or business requirement for distributions of controlled corporation stock (or stock and securities) by a distributing corporation without income, gain, or loss.
Why This Matters
The proposed regulations would affect corporations and their shareholders and security holders.
What Changed
- The issuing agency is Treasury Department, Internal Revenue Service.
- This proposed rule was published on 2026-10-21.
- The Federal Register document number is 2026-21568.
- Federal Register document: https://www.federalregister.gov/documents/2026/10/21/2026-21568/guidance-under-section-355-concerning-device-and-active-trade-or-business-partial-withdrawal
- Federal Register home: https://www.federalregister.gov/
Key Facts
- The issuing agency is Treasury Department, Internal Revenue Service.
- This proposed rule was published on 2026-10-21.
- The Federal Register document number is 2026-21568.
- Federal Register document: https://www.federalregister.gov/documents/2026/10/21/2026-21568/guidance-under-section-355-concerning-device-and-active-trade-or-business-partial-withdrawal
Key Numbers
- This proposed rule was published on 2026-10-21.
- The Federal Register document number is 2026-21568.
- Federal Register document: https://www.federalregister.gov/documents/2026/10/21/2026-21568/guidance-under-section-355-concerning-device-and-active-trade-or-business-partial-withdrawal