Rev. Proc. 2026-21: New IRS Corporate Letter Ruling Program
What does Rev. Proc. 2026-21 change about IRS letter rulings on corporate transactions? Rev. Proc. 2026-21 establishes a new letter ruling program under the Associate Chief Counsel (Corporate) — modifying Rev. Proc. 2026-1 and 2026-3 to expand the scope of significant-issue and transactional rulings available for §§ 332, 351, 355, 368, and 1036 reorganizations, while…