Comments on Report Requesting Guidance on Application of the FIRPTA Exception for Publicly Traded Stock in the Partnership Context

Phillip S. Gross has made available for download the Comments on Report Requesting Guidance on Application of the FIRPTA Exception for Publicly Traded Stock in the Partnership Context submitted by the Committee on Taxation of Business Entities of the New York City Bar Association on February 5, 2016.

The Abstract … Continue reading

New FIRPTA Regulations

As previously noted, the Protecting Americans from Tax Hikes Act of 2015 modify the withholding provisions under FIRPTA. The Service has now issued regulations implementing the statutory changes. Key among them are:

A. The increase of the withholding rate on dispositions of US real property interests from 10% to 15%;… Continue reading