TIGTA Report on Third-Party Authorization Forms
Comptroller’s Ruling on Sales and Use Tax Obligation

Delayed Effective Date and Guidance on Phase-in Period for Dividend Equivalent Regs

The IRS announced in Notice 2018-72 that it will amend regulations under Section 871(m) to delay the effective date and provide a phase-in schedule for certain provisions regarding a chain of dividends and dividend equivalents in the context of securities lending and sale repurchase agreements. Notice 2018-72 permits withholding agents to apply the transition rules from Notice 2010-46 in 2020 to deal with the problem of potential overwithholding. Notice 2018-72 addresses issues related to qualified derivatives dealers, Delta-One and Non-Delta-One transactions, and simplified standards for determining whether transactions are combined transactions.



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