# Indirect Stock Transfers and the Coordination Rule Exceptions; Transfers of Stock or Securities in Outbound Asset Reorganizations
> **IRS** · Final regulations and removal of temporary regulations. · Published 2016-03-22 · Effective 2016-03-22 · 81 FR 15159
## Document
- **Document number:** 2016-06404
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 81 FR 15159
- **CFR reference:** 26 CFR 1
- **Publication date:** 2016-03-22
- **Effective date:** 2016-03-22
- **Treasury docket:** TD 9760
## Abstract

This document contains final regulations under sections 367, 1248, and 6038B of the Internal Revenue Code (Code). These regulations finalize the elimination of one of two exceptions to the coordination rule between asset transfers and indirect stock transfers for certain outbound asset reorganizations. The regulations also finalize modifications to the exception to the coordination rule for section 351 exchanges so that it is consistent with the remaining asset reorganization exception. In addition, the regulations finalize modifications to the procedures for obtaining relief for failures to satisfy certain reporting requirements. Finally, the regulations finalize certain changes with respect to transfers of stock or securities by a domestic corporation to a foreign corporation in a section 361 exchange. These regulations primarily affect domestic corporations that transfer property to foreign corporations in certain outbound nonrecognition exchanges.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2016/03/22/2016-06404/indirect-stock-transfers-and-the-coordination-rule-exceptions-transfers-of-stock-or-securities-in)
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