Andrew Mitchel LLC

TD 9926: Withholding of Tax and Information Reporting With Respect to Interests in Partnerships Engaged in a U.S. Trade or Business

Date: 2020-11-30
Links to Federal Register: HTML, PDF
Document Number: 2020-22619, RIN: 1545-BO60
Action: Final rule.

Abstract: This document contains final regulations that provide guidance related to the withholding of tax and information reporting with respect to certain dispositions of interests in partnerships engaged in a trade or business within the United States. The final regulations affect certain foreign persons that recognize gain or loss from the sale or exchange of an interest in a partnership that is engaged in a trade or business within the United States, and persons that acquire those interests. The final regulations also affect partnerships that, directly or indirectly, have foreign persons as partners.

Word frequency
Notable phrases   Frequency
publicly traded partnership(s)      143
required to withhold      64
(sale|transfer) of a PTP interest      45
exception to withholding      44
subject to withholding      31
effectively connected gain      27
may rely on a certification      25
amount realized (from|on) the transfer      23
effectively connected with the conduct      22
engaged in a trade or business      22
primary withholding responsibility      22
certification of non-foreign status      21
books and records      20
partnership that is a transferee      16
certification from the transferor      13
transfer of a partnership interest      12
certification is incorrect or unreliable      12
amount required to be withheld      10
may not rely on a certification      9
knows, or has reason to know      9
would have been effectively connected      7
statement required to be furnished      7

Reg. Cites   Frequency
1.1446(f)-2      28
1.1446(f)-3      26
1.1446(f)-4      21
1.1446-4      17
1.1446(f)-5      16
1.1446(f)-2(d)(2)      11
1.1446-1      10
1.1446-7      10
1.1446(f)-1      10
1.1446(f)-2(c)(2)(iv)      8
1.1446(f)-3(a)(1)      7
1.1446-3      7
1.1446(f)-2(b)(5)      6
1.1446(f)-2(b)      6
1.1446-3(c)(4)      6
1.1446(f)-2(a)      6
1.1446(f)-4(a)      6
1.1446-4(b)(3)      5
1.1446(f)-2(c)(4)      5
1.1446-4(b)(4)      5

Sec. Cites   Frequency
1446(f)      98
864(c)(8)      60
1446(a)      39
1446(f)(4)      37
1446(f)(1)      33
1446      16
1461      16
1441      15
751      12
33      7
1445      7
1445(e)(1)      5
6045      5
267(b)      4
11(b)      4
1445(e)(1)      4
897      4
3406      3
671      3

Authorities Referenced:


Related regulation packages:


Statistics

Number of pages: 38, words: 41,999, sentences: 1,335
Average words per sentence: 31