Andersen Managing Director Joe Calianno's comments are featured in the recent Tax Notes article, Final IP Repatriation Regs Closely Follow Proposed Rules. The article discusses the recently released final regulations on the termination of income inclusions for repatriated intangible property. Joe noted that the final regulations track closely with the proposed version of the regulations with very few changes. There had been hope that the final regulations would include changes for partnerships given that viable options had been submitted as part of the comment process, Joe added. IRS had rejected those options, saying they could cause "an undue burden on taxpayers and the IRS." Joe noted, however, that concerns over taxpayer burdens could always be allayed by making such a provision optional.