IRS Issues Proposed Regulations Regarding MLP Qualifying Income

On May 12, 2015, Baker Botts tax lawyers Mike Bresson, James Chenoweth, Stephen Marcus and Chuck Campbell discussed the Internal Revenue Service’s proposed regulations regarding what types of income derived from natural resources satisfy the section 7704(d)(1)(E) publicly traded partnership (PTP) qualifying income rules.

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The webinar covered the following:

  • Background
  • Transition Rules
  • Definition of Minerals and Natural Resources
  • Section 7704(d)(1)(E) Activities
  • Exploration, Development, Mining or Production
  • Processing or Refining
  • Natural Gas 
  • Crude Oil
  • Ores and Minerals
  • Timber
  • Transportation
  • Marketing
  • Intrinsic Activities
  • Examples 

  • For more information about this event, please contact Mike Bresson.

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