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Revenue Regulations No. 18-2001

REVENUE REGULATIONS NO. 18-01

RR 18-01 | 2001-11-13

SUBJECT : Guidelines on the Monitoring of the Basis of Property Transferred and Shares Received, Pursuant to a Tax-Free Exchange of Property for Shares under Section 40(C)(2) of the National Internal Revenue Code of 1997, Prescribing the Penalties for Failure to Comply with such Guidelines, and Authorizing the Imposition of Fees for the Monitoring Thereof.
 
TO : All Internal Revenue Officers and Others Concerned.
 
SECTION 1. Scope. - Pursuant to Section 244 , in relation to Sections 40(C)(2) , 58(E) , 269 , and 275  of the National Internal Revenue Code of 1997 (Tax Code of 1997), these Regulations are hereby promulgated for...