Around the Net

Yahoo: IRS Denies Tax-Free Spinoff Request Of Alibaba

The Internal Revenue Service denied Yahoo's request for a tax-free spinoff, the company said Tuesday in a filing. Yahoo withdrew its request for a ruling from the IRS on Sept. 2, but said it would continue to work on plans for the spinoff, reports The Wall Street Journal.

Read the whole story at The Wall Street Journal »

Next story loading loading..