Authored by: Paul Dillion and Mike Schiavo
Part of 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.
Listen to 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.
Listen to recordings of past webinars in the tax reform series.
For more information or any questions you might have on this topic, please contact your Baker Tilly advisor or e-mail firstname.lastname@example.org.
The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.