Newly issued Proposed Regulations, under Section 355, follow recent decisions allowing horizontal divisions of a single business. In addition, the proposals introduce factors for determining whether a Section 355 transaction is a device for bailing out earnings" Mr. Lee analyzes these and other changes in the Proposed Regulations.
46 The Journal of Taxation 194-201 (1977)
Lee, John W., "Proposed Regs. Under 355 Overhaul Device Test and Single-Business Divisions" (1977). Faculty Publications. 1402.