This is the table of contents of Internal Revenue Bulletin IRB 2011-24. Click on an entry to view the entry. Items shown under "Highlights of This Issue" open summaries of each IRB-referenced document only. Scroll to Parts I, II, etc. to view the full text versions of each IRB-referenced document. Use the "Keyword Search" option of TouchTax to search the full text of all Internal Revenue Bulletins, including this IRB.
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Final regulations under section 367 of the Code finalize temporary and proposed regulations that apply to certain transactions involving foreign corporations in which a subsidiary corporation acquires stock of its parent corporation in exchange for property and then exchanges such acquired stock for the stock or assets of a target corporation.
The IRS has revoked its determination that Boaz Foundation of Citrus Heights, CA; California Nurses Educational Institute, Inc., of Palm Desert, CA; Caring And Sharing HFA, Inc., of Newport News, VA; Dayspring Community School of Warwick, NY; Dorough Lupus Foundation, Inc., of Ocoee, FL; Evershine Residential Services, Inc., of Owings Mills, MD; Howard D. Dorough Supporting Organization of Ocoee, FL; and Just 4 DA Kids, Inc., of La Vista, NE, qualify as organizations described in sections 501(c)(3) and 170(c)(2) of the Code.
This procedure provides late election relief in certain situations for real estate professionals who failed to timely file the election to aggregate their rental real estate interests.
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