MLP Qualifying Income – Treasury and IRS Issue Proposed Regulations

Originally published by Gregory Bopp, Robert Jacobson, Elizabeth McGinley, Curtis Beaulieu and Elizabeth Behncke.

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 Internal Revenue Code (Code) for master limited partnerships (MLPs) engaged in activities with respect to minerals or natural resources. The issuance of […]

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