On July 11, the IIAC submitted comments
to the U.S. Department of Treasury and the Internal Revenue Service to raise concerns regarding proposed regulations under section 1446(f) “Withholding of Tax and Information Reporting with Respect to Interests in Partnerships Engaged in the Conduct of a U.S. Trade or Business”. The IIAC requested guidance and/or relief regarding seven issues outlined in our submission.
Please contact Todd Evans if you have any questions or require further information.