In the current issue of the Journal of Taxation of Financial Products, Vol. 8 No. 4, Steve Kopp and Sharon Kim explain in their article, Nonrefundable U.S. Withholding Tax Imposed on Foreign Investment Vehicles That Fail to Report, that a new reporting and withholding regime will subject offshore securitization vehicles and investment funds to a nonrefundable U.S. withholding tax if they do not comply with extensive reporting requirements.
* * * * *
This story is from the CCH’s monthly Focus on Tax newsletter, which provides advise and guidance on federal and state tax issues for tax and accounting professionals.
Read this article from CCH’s Journal of Taxation of Financial Products