TAINA Solutions for 1.1446(f)
The final 1446(f) regulations for withholding on publicly traded partnerships (PTPs) was a major topic that dominated this year's virtual Tax Reporting and Withholding conference. The 1446(f) regulations that become effective 1 January 2021, stipulate that transferor’s broker, must withhold 10% of gross proceeds related to the transfer of partnership interest (including a PTP) unless an exception applies. A broker for the seller who pays the proceeds of a PTP sale to another broker (such as the custodian) must either withhold or establish an exception, no DVP exception.
Download this exclusive offering to find out how TAINA's Validation Platform can help you meet your 1446(f) requirements by providing a fully automated, flexible system for tracking events, collecting withholding certificates and managing withholding.
Please click here to download the TAINA Solution Offering for 1446(f) .
For more information on how our fully automated FATCA and CRS Validation platform can add value to your business, get in touch or request a demo to see it in action.