Internal Revenue Service
Revenue Ruling

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 Rev. Rul. 65-39

1965-1 C.B. 153

Full Text

Rev. Rul. 65-39 /1/

A corporation which wishes to designate all or part of a distribution in complete liquidation described in section 316(b)(2)(B) of the Internal Revenue Code of 1954 as a dividend to a shareholder will be considered as having satisfied both the designation and notfication requirements of section 316(b)(2)(B)(ii) of the Code if it-

(1) Includes such amount as a dividend in a Form 1099, U.S. Information Return for Calendar Year, filed in respect of such shareholder with the Internal Revenue Service pursuant to section 6042(a) of the Code and the regulations thereunder and in a written statement of dividend payments furnished to such shareholder pursuant to section 6042(c) of the Code and section 1.6042-4 of the Income Tax Regulations, and

(2) Indicates on the written statement of dividend payments furnished to such shareholder the amount included in such statement which is designated as a dividend under section 316(b)(2)(B) of the Code.

/1/ Based on Technical Information Release 678, dated Jan. 19, 1965.