[Code of Federal Regulations]
[Title 26, Volume 4]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.355-5]

[Page 201]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.355-5  Records to be kept and information to be filed.

    (a) Every corporation that makes a distribution of stock or 
securities of a controlled corporation, as described in section 355, 
shall attach to its return for the year of the distribution a detailed 
statement setting forth such data as may be appropriate in order to show 
compliance with the provisions of such section.
    (b) Every taxpayer who receives a distribution of stock or 
securities of a corporation that was controlled by a corporation in 
which he holds stock or securities shall attach to his return for the 
year in which such distribution is received a detailed statement setting 
forth such data as may be appropriate in order to show the applicability 
of section 355. Such statement shall include, but shall not be limited 
to, a description of the stock and securities surrendered (if any) and 
received, and the names and addresses of all of the corporations 
involved in the transaction.