U.S. Treasury and IRS Deferring Certain Withholding Provisions for Disposals of Partnerships Engaged in U.S. Business

The U.S. Treasury Department and the IRS have issued Notice 2021-51, which announces the intent to defer the applicability date of certain provisions under the final regulations on Withholding of Tax and Information Reporting with Respect to Interests in Partnerships Engaged in a U.S. Trade or Business (TD 9926). The final regulations, published 30 November 2020, provide guidance related to the withholding of tax and information reporting with respect to certain dispositions of interests in…