Steven Schneider, Leah Gruen, Murtuza Hussain, Author at Global Compliance News

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Murtuza Hussain

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Murtuza Hussain is an associate in the North America Tax Practice Group and resides in the Houston Office. Prior to joining Baker McKenzie, Murtuza was an associate in the Houston office of a national law firm where he represented public and private companies on a variety of tax matters.

In North America

United States: Final regulations issued for dispositions by foreign persons of interests in partnerships that conduct a US Trade or Business

December 4, 2020 by Steven Schneider, Leah Gruen and Murtuza Hussain 2 Mins Read

On 21 September 2020, the US Treasury and the IRS finalized regulations under Section 864(c)(8), generally retaining the basic approach and structure of the proposed regulations issued on 20 December 2018 (REG-113604-18).

In North America

United States: Section 163(j) Regulations Are Finally Final

November 28, 2020 by Thomas May, Marc M. Levey, Imke Gerdes, Murtuza Hussain, Tatyana Johnson, Kathryn Rimpfel, Nicholas Serra, Amir Alkhaja and Michael Tedesco 55 Mins Read

In brief The Tax Cuts and Jobs Act of 2017 (Public Law 115-97) (TCJA) made significant changes to Section 163(j) effective for tax years beginning after December 31, 2017. On December 28, 2018, Treasury and the Internal Revenue Service (IRS) published proposed regulations (“Proposed Regulations”) implementing the amendments to Section 163(j)…