Tax Reform, Internal Revenue Code (IRC), Withholding Tax

US Senate Finance Committee Makes Changes to Proposed Section 899

Mayer Brown on 6/19/2025

The US Senate Finance Committee has released a substitute (the “Senate version”) for the tax provisions of the “One Big Beautiful Bill,” the budget reconciliation bill currently under consideration by Congress. An earlier...more

Update: Senate Finance Committee Releases Its Version of Section 899 of the One Big Beautiful Bill

Paul Hastings LLP on 6/19/2025

On May 22, the U.S. House of Representatives voted to approve the One Big Beautiful Bill (the House Bill), which contained a new addition to the U.S. Internal Revenue Code — Section 899 (House Bill Section 899). On June 16,...more

Weekly IRS Roundup November 4 – November 8, 2024

McDermott Will & Schulte on 11/19/2024

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of November 4, 2024 – November 8, 2024...more

Weekly IRS Roundup February 13 – February 17, 2023

McDermott Will & Schulte on 2/22/2023

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of February 13, 2023 – February 17, 2023. ...more

New Treasury Regulations and IRS Notice Regarding Withholding on Dividend Equivalent Payments to Foreign Holders

Herbert Smith Freehills Kramer on 1/2/2020

On Dec. 16, the Internal Revenue Service (IRS) issued final regulations (the new regulations) governing a narrow aspect of rules applicable to withholding on “dividend equivalent payments” made to foreign persons. The new...more

Tax Reform Legislation Reverses Grecian Magnesite Mining, Adds New Withholding Tax

Morgan Lewis on 12/28/2017

New provisions will have a significant impact on secondary sales of fund interests and partnership M&A transactions. On December 22, 2017, US President Donald Trump signed into law the sweeping tax reform bill H.R. 1 (the...more