The IRS should make issues related to preferential dividends and qualified foreign pension funds priorities for regulatory guidance, according to NAREIT.

NAREIT made its recommendations in response to an IRS request for input on its annual guidance plan. Primarily, NAREIT is asking for guidance on the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act), which was signed into law by President Obama in December.

In a letter sent to the IRS on May 16, NAREIT listed 10 items in need of further guidance. They include “guidance regarding earnings and profits for dividends distributed after the close of a taxable year intended to carry out Congressional intent to avoid the duplicative taxation of REIT shareholders.”

(Contact: Dara Bernstein at dbernstein@nareit.com)


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