The Treasury Department and the IRS intend to issue regulations, rules, and procedures on how to qualify for exemptions from withholding, or reductions in withholding, on transfers of nonpublicly traded partnership interests. The Treasury and IRS also have issued interim guidance that taxpayers may rely on until regulations are issued. Background New Code Sec. 1446(f) was added […]
The post Guidance Addresses Withholding on Transfers of Certain Partnership Interests by Foreign Persons (IR-2018-81; Notice 2018-29) appeared first on Tax & Accounting Blog.
