Yahoo Pullback on IRS Uncertainty Seen as Buying Opportunity

NEW YORK (TheStreet) -- Several Wall Street analysts remained upbeat on Yahoo  after an IRS official yesterday indicated that the agency was considering changing its rules on spin-offs. BACKGROUND: Yahoo has filed an application with the IRS for approval of a tax-free spin-off of its stake in Chinese e-commerce giant Alibaba  . Isaac Zimbalist, a senior technician reviewer at the IRS Office of Associate Chief Counsel, said yesterday that the agency is considering changes to tax rules that affe...