Carried interest update

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A Baker Tilly U.S. tax reform webinar series

While there has been a lot of talk about closing the “carried interest loophole,” there has been very little in terms of concrete legislative language. In fact, it has been almost seven years since proposed Internal Revenue Code (IRC) section 710 made its debut, as part of the American Jobs and Closing Tax Loopholes Act of 2010. This proposal has been reintroduced several times over the years but is has never gained much traction. But with momentum and political will building for some kind of tax reform, carried interests may be on the table once again.

Join specialists from Baker Tilly’s National Tax group who will review how carried interests would be taxed under proposed section 710 as well as the President’s and House’s proposals.

Please note: Baker Tilly tax specialists will be monitoring tax reform legislation as it moves through the late stages of discussion. Future tax reform pronouncements may necessitate a change in the carried interest topic. Registrants will be notified of any modifications to the program.

Meet the presenters:

Paul DillonFirm Director, National Tax
Mike SchiavoSenior Manager, National Tax

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