Investing in foreign partnerships more costly under new reporting proposed regulations

Philip F Postlewaite; John S. Pennell

Investing in foreign partnerships more costly under new reporting proposed regulations

Northwestern University School of Law

Research output: Contribution to journal › Article › peer-review

Abstract

In an attempt to both forestall and uncover instances of unreported taxable transactions involving U.S. persons and foreign partnerships, Congress imposed reporting requirements that IRS has now implemented. The rules do not completely indicate what information will be needed, in part because those details have been left to Form 8865 and its instructions. What is certain is that certain U.S. persons will face additional compliance costs.

Original language	English (US)
Pages (from-to)	114-117
Number of pages	4
Journal	Journal of Taxation
Volume	90
Issue number	2
State	Published - Feb 1 1999

ASJC Scopus subject areas

Accounting
Finance
Economics and Econometrics

Cite this

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Investing in foreign partnerships more costly under new reporting proposed regulations

Abstract

ASJC Scopus subject areas

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