January 25, 2017 On January 19, 2017, the Department of the Treasury and the Internal Revenue Service (IRS) issued final regulations (Final Regulations) regarding qualifying income under Internal Revenue Code (Code) section...more
1/26/2017
/ Final Rules ,
IRS ,
Minerals ,
Moratorium ,
Natural Gas ,
Natural Resources ,
Oil & Gas ,
Partnerships ,
Pass-Through Entities ,
Qualifying Income ,
Regulatory Freeze ,
U.S. Treasury
On May 5, 2015, the Department of the Treasury and the Internal Revenue Service (IRS) issued proposed regulations that provide much-anticipated guidance on the scope of qualifying income under Section 7704(d)(1)(E) of the...more
Following a year long pause, the IRS announced Friday that it has resumed its review of pending private letter ruling (PLR) requests and is accepting new PLR requests concerning MLP qualifying income under Section...more