Rev. Proc. 2016-40 provides safe harbor rules for transactions involving acquisition of control in certain corporate transactions. Please identify one transaction under Rev. Proc. 2016-40 and discuss why you think IRS provided safe harbor for the transaction. Rev. Proc. 2016-40 and the related provisions are discussed in the article linked below. IRS Provides Safe Harbors for Acquisition of Control in Certain Corporate Transactions. By Alistair M. Nevius, J.D. July 15, 2016 http://www.thetaxadviser.com/news/2016/jul/acquisition-of-control-safe-harbors-corporate-transactions-201614836.html#sthash.oFagt0RR.N8VATMVE.dpuf