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Carried Interests OK Under Management Fee Waiver Regulations

By Amanda Wilson on Sep 21, 2015 in carried interest, code, International, IRS, regulations, treasury

By: Amanda Wilson Last week, I was at the ABA Tax Section meeting in Chicago. During one of the partnership panels, Clifford Warren, Special Counsel to the Associate Chief Counsel (Passthroughs and Special Industries) at the IRS, was posed several...

Obama Renews Carried Interest Fight

By Amanda Wilson on Sep 18, 2015 in carried interest, code, government, International, Obama care, Partnership Tax

By: Amanda Wilson As my prior blog posts have discussed (see most recent here), we are seeing repeated efforts to disallow favorable tax treatment of carried interests in partnership. Earlier this week, President Obama once again called for Congress...

Status Update on Targeted Allocation Regulations

By Amanda Wilson on Sep 18, 2015 in Other, code, International, IRS, targeted allocations, Tax

By: Amanda Wilson I'm at the ABA Tax conference this week and one of this morning's first panels included a discussion of hot topics in partnerships. Curtis Wilson, IRS Associate Chief Counsel in Passthroughs and Special Industries, discussed the...

IRS Issues Guidance on Bonus Depreciation

By Amanda Wilson on Sep 17, 2015 in International, IRS

By: Amanda Wilson The IRS issued guidance on Tuesday dealing with first-year bonus depreciation. The Tax Increase Prevention Act of 2014 amended Section 168(k)(2) by extending the one year placed-in-service date for property that qualifies for 50...