Analysis

Indirect Investors May Lose Out Under New Pass-Through Regs

Law360 (February 1, 2019, 9:21 PM EST) -- Investors who use regulated investment companies to own interests in multiple publicly traded partnerships could lose out on an attractive 20 percent deduction Congress recently enacted if the IRS decides they may have an unfair advantage over direct investors.

The IRS has not ruled out the possibility of allowing regulated investment companies that invest in publicly traded partnerships to pass on a 20 percent deduction to their shareholders. (AP) In new regulations that the Internal Revenue Service proposed, dictating how individuals with pass-through businesses may qualify for the deduction approved in the December 2017 Tax Cuts and Jobs Act, the agency...

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