Tax News Update    Email this document    Print this document  

October 7, 2020

IRS issues IRC Section 1446(f) final regulations addressing tax withholding on transfers of partnership interests

The IRS has issued final regulations (TD 9926) with guidance on tax withholding and information reporting for certain dispositions of interests in partnerships that are engaged in a trade or business in the United States. Underlying proposed regulations were published in May 2019 (see Tax Alert 2019-0920). A Tax Alert on the regulations is forthcoming.