Scandals Aside, The IRS Has Been Busy

Law360, New York (September 6, 2013, 6:39 PM EDT) -- Since the beginning of the year, there has been a steady stream of notable and somewhat unanticipated announcements and new rules coming out of the IRS that impact the private equity community, and not all of them relate to the recent scandals that have gotten so much attention in the press. Below is a brief round-up of these developments.

Spinoff Announcement #1

The IRS surprised the tax community on Jan. 3 by suspending the issuance of private letter rulings that bless three transaction structures frequently implemented...
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