Partnership Buyers, Beware IRS Withholding Proposal

By John Harrington, Jon Hutchens, Timothy Santoli and Ryan Zucchetto (May 20, 2019, 4:31 PM EDT) -- On May 7, 2019, the Internal Revenue Service issued proposed regulations that provide guidance for provisions enacted as part of the Tax Cuts and Jobs Act. The 2017[1] provisions impose U.S. income tax on non-U.S. partners selling interests in partnerships that are considered to be engaged in the conduct of a trade or business in the United States and impose withholding obligations on buyers of such interests....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Law Firms

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!