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)|
|Number of pages||4|
|Journal||Journal of Taxation|
|State||Published - Feb 1 1999|
ASJC Scopus subject areas
- Economics and Econometrics