Investing in foreign partnerships more costly under new reporting proposed regulations

Philip F Postlewaite, John S. Pennell

    Research output: Contribution to journalArticlepeer-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 languageEnglish (US)
    Pages (from-to)114-117
    Number of pages4
    JournalJournal of Taxation
    Volume90
    Issue number2
    StatePublished - Feb 1 1999

    ASJC Scopus subject areas

    • Accounting
    • Finance
    • Economics and Econometrics

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