Sally P. Schreiber, of the Journal of Accountancy, has published her article, titled “Rules govern withholding on transfers of partnership interests and ECI.” The article begins as follows:
The IRS finalized regulations on the operation of Sec. 1446(f), which requires withholding on the transfer of a partnership interest described in Sec. 864(c)(8) (gain or loss of foreign persons from the sale or exchange of certain partnership interests) (T.D. 9926). Sec. 1446(f) was added to the Code by the law known as the Tax Cuts and Jobs Act, P.L. 115-97.
Posted by Elise Kim, Managing Associate Editor, Wealth Strategies Journal.
