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Section 354.--Exchanges of Stock and Securities in Certain Reorganizations 26 CFR 1.354 1: Exchange of stock and securities in certain reorganizations. Corporate reorganizations; ex change of debt
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Revenue ruling -78 is a guidance issued by the Internal Revenue Service (IRS) that provides interpretations of tax laws and regulations for a specific situation.
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The purpose of revenue ruling - 78 is to provide taxpayers with guidance and clarification on how tax laws and regulations apply to specific situations, helping them understand their tax obligations.
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