Publicly-Traded Partnership Withholding for §1446(f) Regulation Compliance
The Publicly-Traded Partnership (PTP) requirement by the IRS is scheduled to come into force in January 2023, after a one year delay in implementation. This will require that agents identify exposures to partnerships with US Source income, and withhold upon these on behalf of non-US recipients of partnership distributions. Firms will need to have a method to identify these exposures and ensure compliance.
This session will explore the background, scope, and solution for compliance with IRS Regulations under §1446(f).
Agenda:
This session will explore the background, scope, and solution for compliance with IRS Regulations under §1446(f).
Agenda:
- Provide overview of the regulation and IRS requirement
- Discuss applicability to particular asset classes
- Explain Bloomberg’s methodology and provide examples
- Present Bloomberg’s solution to automate identification and compliance
- Live Q&A
Speakers
Jason Palsgrove
Product Manager, Enterprise Regulatory Content
Bloomberg
Jason Palsgrove is a Product Manager in the Enterprise Regulatory Content Team at Bloomberg. He manages several of Bloomberg's regulatory offerings including MiFID II, Solvency II, Tax and various SEC Rules.
Ariam Tsighe
Tax Law Analyst
Bloomberg INDG
Ariam Tsighe is a tax law analyst in the U.S. International group at Bloomberg INDG. She has also worked in the State Tax group at INDG, where she focused on indirect taxes. Ms. Tsighe has a J.D. from the University of California, Hastings College of the Law, and B.A. in International Relations and Political Science from the University of California, Davis.