Notice 2018-08 guidance on new section 1446(f) | KPMG | GLOBAL
close
Share with your friends

Notice 2018-08: Revised timeline, guidance on implementing new section 1446(f)

IRS Notice 2018-08

The IRS today released an advance version of Notice 2018-08 that states the IRS and Treasury Department are suspending the application of new Code section 1446(f) in the case of a disposition of certain publicly traded partnership interests.

1000

Related content

New section 1446(f) was added to the Code by the recently enacted tax law. The tax legislation also added new section 864(c)(8).

Notice 2018-08 [PDF 20 KB]:

  • Provides background on new sections 864(c)(8) and 1446(f)
  • Describes the revised timeline for the application of new section 1446(f) to a disposition of certain interests in publicly traded partnerships
  • Requests comments and provides contact information 

© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit