Jeffrey Bruns

May 8, 2024 | mondaq.com | Jeffrey Bruns |Michelle Jewett |Mark Leeds |Matthew McDonald

On April 24, 2024, the Treasury Department and the IRS released final regulations under Section 897 that change the rules for determining whether qualified investment entities (QIEs) are domestically controlled under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). The changes also affect the treatment of qualified foreign pension funds (QFPFs). The final regulations generally follow the proposed regulations issued in January 2023, with certain changes discussed below.

May 2, 2024 | jdsupra.com | Harry A. Boris |Jeffrey Bruns |Michelle Jewett

On April 24, 2024, the Treasury Department and the IRS released final regulations under Section 897 that change the rules for determining whether qualified investment entities (QIEs) are domestically controlled under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). The changes also affect the treatment of qualified foreign pension funds (QFPFs). The final regulations generally follow the proposed regulations issued in January 2023, with certain changes discussed below.

May 1, 2024 | lexology.com | Jeffrey Bruns |Michelle Jewett |Mark Leeds |Matthew McDonald |Sam Riesenberg |Harry A. Boris

On April 24, 2024, the Treasury Department and the IRS released final regulations under Section 897 that change the rules for determining whether qualified investment entities (QIEs) are domestically controlled under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). The changes also affect the treatment of qualified foreign pension funds (QFPFs). The final regulations generally follow the proposed regulations issued in January 2023, with certain changes discussed below.