Yahoo’s Aabaco Spinoff Faces Major Setback As IRS Refuses To Rule On Taxable Status

After months of putting on a brave face in the face of mounting IRS resistance to its proposed spinoff of Alibaba(BABA) shares as Aabaco Holdings, Yahoo(YHOO) was served another setback last week.  In a filing late today, the comapny revealed that the IRS had declined to issue a ruling on the taxable status of the transaction. On January 27,…