In response to the ongoing coronavirus pandemic (COVID-19), the Internal Revenue Service (the IRS) has taken additional actions intended to provide immediate relief to taxpayers.
Delay of Identification and Acquisition...more
4/17/2020
/ Acquisitions ,
Business Assets ,
Business Taxes ,
C-Corporation ,
Capital Gains ,
Covered Employees ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
New Legislation ,
Pass-Through Entities ,
politics ,
Section 179 Property ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Trump Administration
New development: The IRS has issued guidance that the exception to the new 3-year hold requirement for carried interests held by “corporations” does not apply to S corporations.
As previously discussed, the 2017 Tax Cuts...more
3/8/2018
/ Asset Management ,
Business Assets ,
Business Taxes ,
C-Corporation ,
Capital Gains ,
Carried Interest ,
Fund Managers ,
Investors ,
IRS ,
Limited Liability Company (LLC) ,
Partnership Interests ,
S-Corporation ,
Tax Cuts and Jobs Act