Final regulations for section 1446(f) were released on October 7, 2020 and provide withholding and reporting rules applicable to the transfer of partner interests by U.S. and non-U.S. persons with direct or indirect interest in an U.S. or non-U.S. partnership. The regulations add new rules regarding transfers of interests in publicly traded partnerships (PTPs) and modify existing rules applicable to transfers of non-publicly traded partnership (non-PTP) interests.
KPMG LLP (KPMG) is pleased to invite you to a one-hour webcast that will provide an overview of section 1446(f) reporting requirements. Senior professionals from the KPMG International Reporting & Withholding Tax Services practice will discuss:
- The rules that apply to transfers of interests in PTPs and non-PTPs
- Compliance Deadlines
- Operational and systems changes required to be in compliance