Notice of Proposed Rulemaking: Requirements for Certain Foreign Persons and Certain Foreign-Owned Partnerships Investing in Qualified Opportunity Funds and Flexibility for Working Capital Safe Harbor Plans.

If a security-required person provides security in an amount equal to the maximum security amount, the permitted deferral amount is the total amount of security-required gain. If a security-required person provides security in an amount equal to the maximum security amount, the permitted deferral Bulletin No. 2021-18 1143 May 3, 2021 amount is the total amount of security-required gain. Application for an eligibility certificate and acceptable security To obtain an eligibility certificate with respect to any security-required gain, a security-required person must submit an application to the IRS. Bulletin No. 2021-18 1131 May 3, 2021 Part IV Notice of Proposed Rulemaking Requirements for Certain Foreign Persons and Certain Foreign-Owned Partnerships Investing in Qualified Opportunity Funds and Flexibility for Working Capital Safe Harbor Plans REG-121095-19 AGENCY: Internal Revenue Service (IRS), Treasury. (C) The security-required person provides security to the IRS in the amount required for the security-required gain for which the security-required person seeks to defer gain under section 1400Z-2(a). [Extracted from the article]