Administrative/Regulatory
Sep. 12, 2015
No tax guidance for you, Yahoo
Earlier this month, the IRS decided not to provide Yahoo with an opinion letter on the proper tax treatment of Yahoo's spinoff to shareholders of 384 million shares of Alibaba, worth about $23 million.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
In January, Yahoo CEO Marissa Mayer announced the spinoff to shareholders of Yahoo's
remaining 384 million shares in Alibaba, now worth $23 billion. But on Sept. 2, the
Internal Revenue Service told Yahoo it would not issue a private letter ruling. On
these numbers, this isn't a little issue. A ruling is an advance blessing from the
IRS, a binding letter you attach to your tax r...
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