Tax Law

Recent Posts

State Net Capitol Journal – March 14, 2016; New York Lawmakers Seek to Close ‘Carried Interest Loophole’
Posted on 14 Mar 2016 by State Net

Budget & Taxes NY Lawmakers Seek to Close ‘Carried Interest Loophole’ A pair of Democratic New York state assemblymen - Sean Ryan and Jeffrion L. Aubry - introduced a bill this month (AB 9459) that would raise state income taxes... Read More

You Can't Get There From Here
Posted on 10 Mar 2012 by Christopher Bergin

The Economic View in Sunday's New York Times by Harvard economics professor N. Gregory Mankiw ( Capital Gains, Ordinary Income and Shades of Gray ) defending special tax rates for carried interest brought to mind the old joke about a tourist asking... Read More

You Can't Get There From Here
Posted on 10 Mar 2012 by Christopher Bergin

The Economic View in Sunday's New York Times by Harvard economics professor N. Gregory Mankiw ( Capital Gains, Ordinary Income and Shades of Gray ) defending special tax rates for carried interest brought to mind the old joke about a tourist asking... Read More

Carried Interest Proposal Blocked in the Senate Yet Again
Posted on 13 Oct 2011 by Ivan Mitev

Recently I mentioned on this blog that the Carried Interest legislation is resurfacing again courtesy of Obama's efforts and the American Jobs Act of 2011. In my post I reasoned that, well, this time the effort may have some legs considering the economic... Read More

Carried Interest Tax Challenges Emerging in H.R. 4213 Provisions
Posted on 27 May 2010 by Ivan Mitev and Matthew Kaden

If enacted, H.R. 4213 (The American Jobs and Closing Tax Loopholes Act of 2010), will likely cause managers in private equity, venture capital, real estate, and hedge funds to be in a significantly deteriorated tax posture as compared to the status quo... Read More

McDermott Will & Emery: Carried Interest Language Narrowed, but Remains Far-Reaching
Posted on 28 Sep 2011 by McDermott Will & Emery

By Kevin J. Feeley , Gary C. Karch and Patrick J. McCurry This newsletter summarizes the Obama administration's recent carried interest tax provision. The provision is not expected to be enacted soon, but the proposal contains drafting changes... Read More

Fund Managers Not Yet Taxed on Carried Interest, But Tax Man May Be Coming Soon
Posted on 23 Apr 2010 by Laura D. Warren

Fund managers may be in good shape for 2010 ... although nothing is certain. On March 18, 2010, President Obama signed into law the Hiring Incentives to Restore Employment (HIRE) Act which, aside from providing businesses tax incentives to hire and... Read More

Fund Services Alert: Extenders Bill Update
Posted on 21 Jun 2010 by Julia D. Corelli and Laura D. Warren

There [was] no resolution [last] week with respect to the proposed legislation providing for a portion of carried interest to be taxed at ordinary income tax rates. The carried interest legislation was proposed in the tax extender's bill (H.R. 4213... Read More