Moratorium on MLP Private Letter Rulings to End Immediately

Effective as of today, the IRS ceased its no-rule policy on private letter rulings regarding what constitutes “qualifying income” under Section 7704(d)(1)(E) for Master Limited Partnerships.  The IRS also announced that proposed regulations addressing qualifying income will be forthcoming in the near future.

READ: Moratorium on MLP Private Letter Rulings to End Immediately