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2.38 MB
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Extraction Summary

0
People
6
Organizations
0
Locations
3
Events
3
Relationships
4
Quotes

Document Information

Type: Legal/tax policy document
File Size: 2.38 MB
Summary

This document details the federal tax treatment of Qualified REIT Subsidiaries (QRS) and Qualified Subchapter S Subsidiaries (QSub), explaining that they are generally disregarded as separate entities from their owners. It outlines exceptions to this rule, specifically focusing on employment and excise taxes, and discusses IRS Notice 99-6 and subsequent regulations regarding reporting methods for disregarded entities.

Organizations (6)

Name Type Context
IRS
REIT
Subchapter S corporation
QSub
QRS
SMLLC

Timeline (3 events)

Issuance of Notice 99-6
Issuance of proposed regulations
Finalization of regulations in August 2007

Relationships (3)

Key Quotes (4)

"In general, a QSub is not treated as a separate corporation for federal tax purposes."
Source
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Quote #1
"A qualified real estate investment trust subsidiary (QRS) is a relatively specialized form of disregarded entity."
Source
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Quote #2
"The number of exceptions and modifications to the general rule that DREs are treated as "tax nothings" has quietly increased over the last decade."
Source
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Quote #3
"Reg. 301.7701-2(c)(2)(iv) treats eligible"
Source
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Quote #4

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