Finance & markets · 24/01/2017

Qualifying Income From Activities of Publicly Traded Partnerships With Respect to Minerals or Natural Resources

The IRS has released final regulations under Section 7704(d)(1)(E) of the Internal Revenue Code, clarifying the qualifying income exception for publicly traded partnerships to avoid being treated as corporations for federal income tax purposes. These regulations define the activities generating qualifying income from mineral or natural resource exploration, development, and production.